topic I am preparing my schedule C and I have a business vehicle that was in an accident that was a total loss. What is the Sales Price to enter for when we stopped using it? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-am-preparing-my-schedule-c-and-i-have-a-business-vehicle-that-was-in-an-accident-that-was-a-total/01/375682#M155824 Tue, 04 Jun 2019 00:14:49 GMT ajquarry 2019-06-04T00:14:49Z I am preparing my schedule C and I have a business vehicle that was in an accident that was a total loss. What is the Sales Price to enter for when we stopped using it? https://ttlc.intuit.com/community/taxes/discussion/i-am-preparing-my-schedule-c-and-i-have-a-business-vehicle-that-was-in-an-accident-that-was-a-total/01/375682#M155824 Tue, 04 Jun 2019 00:14:49 GMT https://ttlc.intuit.com/community/taxes/discussion/i-am-preparing-my-schedule-c-and-i-have-a-business-vehicle-that-was-in-an-accident-that-was-a-total/01/375682#M155824 ajquarry 2019-06-04T00:14:49Z If you received an insurance settlement for the vehicle y... https://ttlc.intuit.com/community/taxes/discussion/if-you-received-an-insurance-settlement-for-the-vehicle-y/01/375686#M155826 <P>If you received an insurance settlement for the vehicle you no longer use for business, the amount of the settlement would be considered the "sales price" of that vehicle.</P><P>If you did not receive an insurance settlement or any other form of compensation, the value of a vehicle that has been declared a total loss is zero.<BR /></P><P> <BR /> </P><BR /> Tue, 04 Jun 2019 00:14:50 GMT https://ttlc.intuit.com/community/taxes/discussion/if-you-received-an-insurance-settlement-for-the-vehicle-y/01/375686#M155826 MichaelMc 2019-06-04T00:14:50Z Thank you! https://ttlc.intuit.com/community/taxes/discussion/thank-you/01/375693#M155828 Thank you! Tue, 04 Jun 2019 00:14:52 GMT https://ttlc.intuit.com/community/taxes/discussion/thank-you/01/375693#M155828 ajquarry 2019-06-04T00:14:52Z