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Fair Market Value of Vehicle vs what appears on 1098-C
So for 1098-C it shows value of $4500 for my vehicle. I check KBB Trade in value in poor condition and it lists it at $4000. When I input into turbotax it uses the $4500 value, but shouldn't it use $4000? I heard it is the lower of these two values?
‎April 9, 2024
4:30 PM