So my question is what am I going to be taxed on or what do I put on my taxes? The manufacture is buying back the unit from us. It’s a lemon.
Cash price was $42,450
$46,227 with taxes and fees. California
…… ok so
our settlement is $53,788
The are paying off our loan, $31,262
The rest of it ($22,525.54.)
(Which is the down payment ($11227.54 )and monthly payments we made to the bank ($11,298).
I’m just wondering what we will be taxed on 1099? We are settling for what we put into the RV.
