@1Larry54 wrote:
So is it a qualified Like-Kind Exchange or not?
No, after tax reform (the TCJA), like-kind exchange treatment (Section 1031) is only available for real property.
See https://www.irs.gov/businesses/small-businesses-self-employed/like-kind-exchanges-real-estate-tax-ti...
You have to treat the trade-in as a sale and report it as such on your return and then enter the new car as a new asset in TurboTax.
