@AliciaP1 Thank you so much for your response.
Based on the information you provided.
Sales Price (Business portion only) - 13,535 (28.70% Showing in TurboTax)
The expense of Sale - $0
Vehicle Total Cost - $47,159
Basis for gain/loss - $47,159
Basis for ATM gain/loss - $47,159
final result - showing Gain on sale - $780.
I did not understand this, I bought the car for $47,159 and sold it for $40,330. I took the loss of $6,829. but the TurboTax is saying that there is a gain on the sale. Can you please elaborate? did I enter correctly?
