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Need help on a rental property deduction. I sold my truck and didn't replace it and I'm confused with the process. Looking for help.
‎September 11, 2022
12:53 PM
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Get your taxes done using TurboTax
With what, exactly, do you need help? Entering the transaction?
You need to provide more details, but if you sold a vehicle that you used for business you will have to enter it as the sale of an asset in the program. Section 1031 (like-kind) exchanges are no longer allowed for personal property.
‎September 11, 2022
1:51 PM
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