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Deductions & credits
Thank you for the answer! I paid 17399.98 dollars for the car in 2019, consisting of the cash value of the vehicle (15125), dealer's service fee of 899, license/REG/TIT of 240, and sales tax of 1135.63.
What shall I enter for the total amount paid (cost basis)? Shall I deduct the dealer's fee, license or sales tax from it?
I sold the car to Carvana in 2021 and didn't receive any tax forms.
March 23, 2022
9:59 PM