Coleen : self employed. Bought car new to me 2020 for $20,577. Traded it in 1/22. Total depreciation taken was $13,920. 95% business use. Trade in allowance was $16,000 +/-. $2,000 more than I owed. TT 2022 wants sale price. Use the $16,000, or just the net amount pot $2,000? Do I get any credit anywhere for "paying off" the loan balance? Could it be used as part of the cost of acquiring the new car? Thanks, hope the question makes sense.
