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Sold and Purchased a car in 2019. Need clarification on where to enter the data
I have been using a vehicle for business since 2016. I sold that vehicle as a trade-in and purchased another vehicle in January 2019. The car I sold had an outstanding loan of 34k and the car was sold for 36k. I the sale price 36k or 2k. If 36k, where do i enter the outstanding loan amount?
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‎February 15, 2020
4:56 AM