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Investors & landlords
Unfortunately, TurboTax is not set up to report the sale of an asset that has varied in business percentage from year to year.
Yes, if the vehicle was traded in, that is treated as a sale, and you need to know the purchase price, possibly the FMV on date it was first used for business, added up depreciation from the Standard Mileage Rate, average business percentage, and maybe more.
‎February 18, 2026
7:45 PM