Loss due to casualty or theft does allow you to dispose of the car with no gain. Your basis in the replacement property is its cost minus any gain that isn’t recognized. See Pub. 547 for more information.
When you enter that you disposed of the vehicle, you will need to enter a false sales price. Enter a sales price so that you have no gain or loss.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
