I am having the exact same issue. No matter what I do, TurboTax keeps calculating a gain on my vehicle sale eventhough I'm sure it should be a loss. I even tried the suggestion from tagteam and, although the gain was much smaller, it STILL came up with a gain. It's very frustrating. In my case, based on mileage, the car was used 69% for business, got $7000 as a trade value (69% of $7000 = sale of $4830). Bought it for $28,000, reduced for depreciation using standard mileage reported over the last 5 years to an adjusted cost of $8759. When I take 69% of that, it's a cost of $6043 and a sale of $4830. How is that not a loss? It's really so frustrating. I have started to enter my data into a different product. I've wasted so much time on this now.
