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Deductions & credits
This same thing happens to me. I had 4 business vehicles last year and sold 3 of them. The 3 I sold get their mileage deductions wiped out. It also treats the sale price as a total gain down to the cent - there is no way to factor in the original price of the cars, which were substantially higher in all cases - so they most certainly were not profitable gains when selling. I used TurboTax last year too, with 2 of the cars being in the TurboTax system. There is more than one glitch in this flow. How do we report bugs?
‎February 4, 2021
12:09 AM