SharonD007
Expert Alumni

Deductions & credits

You don't enter the loss from a personal vehicle sale on your tax return, you only report if you sold it as a gain.  

 

If you sold your business vehicle, it is reported on Form 4797 Sales of Business Property, which flows to Schedule D - Capital Gains and Losses.

 

Refer to the TurboTax Help article How do I edit the sale of a business property (Form 4797) for navigation instructions and select Sales of business or rental property that you haven't already reported to report your business vehicle sales.

 

@Klick6900 

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