Help! I traded in my vehicle that I have used for several years for two different businesses. Also, the percentage of time I used the vehicle in the businesses varied each year. How do I figure out any gain or loss on the sale? Turbo Tax did it based on the interview questions, but I am not sure they did it correctly. Should the vehicle be listed twice on form 4797? That is what Turbo Tax did and it just didn't seem right. Also, how did Turbo tax figure my gain on the sale when they never asked how much I got in for the vehicle when I traded it in. Thanks for any help you can give.
