Carl
Level 15

Business & farm

Don't know if this is for SCH C or SCH E. But regardless, if you originally were reporting the vehicle in the "vehicle assets" section, then in that same section you'll report that you sold it for it's trade-in value. If the vehicle was fully depreciated at the time you "sold" it, then the cost basis of the vehicle is zero and whatever you "sold" it for is reportable income.