Last year, my husband and I sold a vehicle to CarMax and were offered 24,000. With that, we paid off the loan it was financed through and were left with a difference of ~2,000 dollars. I'm currently working on the Schedule C portion - what would the sales price and sales expense be in this case? I'm having a difficult time answering this section. Just to clarify, we had a financed car, and then sold it to CarMax (did not trade in) and we paid off the loan and kept a difference of 2000.
