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Can someone tell me how to declare trading in farm tractor for a new farm tractor?
Can someone walk me through the correct process to delete the old 2014 Tractor and then show the new 2024 Tractor? Is it a matter of showing the price that I was allowed for the trade in (2024) tractor and then establishing a new asset (the 2024) tractor?? I started to walk though the process but the system doesn't seem to talk about trading one in and when I declare the old one as a "sale" then it immediately shows my amount due much higher. The price of the new tractor was about 40,000 and they show a trade in price for the old one at 22400. Any help is much appreciated.
March 8, 2025
11:26 AM