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Business & farm
The amount you received for the trade in *IS* the sale price. That is what you use.
No, the new vehicle has nothing to do with reporting the sale of the old vehicle.
Was this vehicle always used 100% for business? If there was personal use, TurboTax is NOT set up for reporting the sale, and you can't report the sale in the vehicle section.
‎February 2, 2021
8:43 AM