The car was a 13-year-old VW Jetta which I have used for business (client meetings, errands) since I acquired it new. I did not sell the car, but did receive an insurance settlement after it was totaled. I used the insurance settlement as a down payment on a new car which I am also using occasionally for business (and have entered the info for that car in Turbo Tax). Turbo Tax asks what the "sales price" was of the old car. Reading some of the responses to similar questions, it appears I would also need to provide the original purchase price of the totaled car. As this happened a year ago, I no longer have any records on that car (didn't realize I'd need that info for my taxes), although I do have a good estimate of what I paid for it.
