Deductions & credits

To enter the sale of the old vehicle and purchase of a new vehicle, please follow these steps:

1. Federal > Wages & Income
   
2. In the Business Items section click the Start/Update box next to Business Deductions and Credits.  [See Screenshot #1, below.]
   
3. On the screen Did you have any income and expenses for a business in 2017, click the Yes box.
4. Continue through the screens, entering the requested information.  [If you've already entered information about your business, on the Business Summary screen, click Edit next to your business.]
   
5. When you reach the Business Expenses screen, click on the Start/Update box next to Cars, Trucks, and other vehicle expenses.  [Screenshot #2]
   
6. For your old vehicle, if it hasn't already been entered in TurboTax in previous years, enter the information on it and be sure to mark the box I stopped using this vehicle in 2017 and enter the date you disposed of it.  [Screenshot #3]
7. After entering your first vehicle, you will be brought to the Vehicle Summary screen.  Click on the Add a Vehicle box to enter information on your second vehicle.  [Screenshot #3]