I sold a business car to Carmax so will receive a 1099 misc. I entered the car sale info into Business Deductions and Credits, Sales of Business Assets in TT. I entered sales price, tax basis and depreciation. TT then told me that this sale results in a loss so no need to report it and that they will delete from TT. But I have a 1099 misc from Carmax that the IRS will get. Where do I enter the 1099 MIsc in TT?
