My son passed away last year in June. He owed his own business. I'm not sure what to list for the sales price and expense of sale for his work van that got repo'd for preparing his 2023 taxes. He purchased it 9/2022 - sales price $17,750 + sales tax $1,846 + title fees $250 - down payment $8,000 = Amount Finance $12,046. The principle balance was $10,844.38 at the time of his passing. I think it got sold and there was still a balanced owed which they wrote-off I believe.
Please help me sort this out so I am reporting it correctly.
Thank you!
