I purchased a used car for business use in 2023 for $48k, it ended up being a lemon and the manufacturer bought it back 6 months later in 2023 for $45k. In the meanwhile I paid $565 in registration and other expenses for gas and maintenance. Turbotax is telling me I had a capital gain of $13,300 for sale of this vehicle. I can't understand. It was a simple return for less than the purchase price. How did I make $13,300 for a faulty car in 6 months?
