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Deductions & credits
Bought car in 2018 for 20577. Traded it 1/2022 for truck. Loan balance on the trade in was around 14000. Dealer gave me 16000, 2 grand above what I owed. Then financed new truck purchase. Looks like I have to use the 16000 as sales price? Was hoping could just use the net of 2k. Thanks very much for response, appreciate it.
‎December 18, 2022
9:46 AM