You need to report the disposition of the 2017 vehicle and the acquisition of the new vehicle on your return.
As I understand it you are reporting the two vehicles as if they were one. They need to be reported separately.
What has happened here is that you traded in your 2017 vehicle for a 2019 vehicle.
You should indicate in TurboTax that you disposed of the 2017 vehicle in 2019. The amount you received for the vehicle is the fair market value of the 2019 vehicle less the balance of the loan.
Then enter the 2019 vehicle separately.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
