https://ttlc.intuit.com/community/taxes/discussion/vehicle-expense/01/3077257#M1122800 <P>Under schedule C - vehicle expense. I sold my business vehicle and bought another. The program is asking for the sales price and is calculating a "gain," but is not considering that I bought a new business vehicle. What am I missing? It's never asked this before. I need help here, ASAP.</P> Tue, 24 Feb 2026 06:58:17 GMT Jay138 2026-02-24T06:58:17Z https://ttlc.intuit.com/community/taxes/discussion/vehicle-expense/01/3077257#M1122800 <P>Under schedule C - vehicle expense. I sold my business vehicle and bought another. The program is asking for the sales price and is calculating a "gain," but is not considering that I bought a new business vehicle. What am I missing? It's never asked this before. I need help here, ASAP.</P> Tue, 24 Feb 2026 06:58:17 GMT https://ttlc.intuit.com/community/taxes/discussion/vehicle-expense/01/3077257#M1122800 Jay138 2026-02-24T06:58:17Z https://ttlc.intuit.com/community/taxes/discussion/re-vehicle-expense/01/3077259#M1122801 <P>Did you add the new vehicle as a new Asset?</P> Wed, 12 Jul 2023 21:54:53 GMT https://ttlc.intuit.com/community/taxes/discussion/re-vehicle-expense/01/3077259#M1122801 VolvoGirl 2023-07-12T21:54:53Z https://ttlc.intuit.com/community/taxes/discussion/re-vehicle-expense/01/3077277#M1122802 <P>Starting in 2018 the ability to trade in a vehicle was removed ... so in the program you will have a sale of the old asset&nbsp; &nbsp;and&nbsp; an entry&nbsp; of the new asset if you use the actual expenses option.</P> Wed, 12 Jul 2023 22:20:26 GMT https://ttlc.intuit.com/community/taxes/discussion/re-vehicle-expense/01/3077277#M1122802 Critter-3 2023-07-12T22:20:26Z