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Business & farm
@racelawn wrote:
that is what I am trying to do, it ask about sales price, but not trade in value, it seems like the two vehicles should some how be connected
The two vehicles are not connected because tax reform (TCJA) eliminated like-kind exchange treatment for assets other than real estate.
You have to treat your trade-in as a sale.
‎February 2, 2021
8:45 AM