timothy1
Returning Member

Business & farm

Hi David, just curious if you know the answer to a different business question. If I trade in a vehicle that still has a loan on it, what do I enter in TT as the value/sales price, the trade in allowance from the dealer, or the difference between the trade in allowance and the loan. Example: Trade in allowance is $5000, owe $3500. Do I enter $1500 as the value or the full $5000 that the dealer offers in trade in? Sorry for replying here on this thread, I had posted the question earlier and hadn't gotten a response as of yet. Thanks!