If it was a personal vehicle, the transaction would be reported on Form 8949 and that would "flow" to Schedule D. You will report that in the same section in which you report stock and other investment sales. To enter:
- Type "Investment sales" in the search window and click Enter
- Click on "Jump to Investment sales"
- On the page with "Did you sell any investments in 2023?" Answer Yes
- Answer No to "Did you get a 1099-B..."
- Enter the name of the person or entity that brokered the sale (you can leave this blank)
- On the "Now we'll walk you through entering your sale details" Indicate "Vehicle"
- The interview will walk you through entering the details of the sale
If it was a business vehicle, it would be reported as an asset disposition and reported on Form 4797.
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