topic I bought a new vehicle for my business. My husband took my old one for his. We converted his old to 100% personal. I am confused on the like- kind exchange section. in State tax filing https://ttlc.intuit.com/community/state-taxes/discussion/i-bought-a-new-vehicle-for-my-business-my-husband-took-my-old-one-for-his-we-converted-his-old-to/01/377945#M16436 <P>Even though we did no trade it still is asking for like-kind trade info.</P> Tue, 04 Jun 2019 00:28:04 GMT adwessels 2019-06-04T00:28:04Z I bought a new vehicle for my business. My husband took my old one for his. We converted his old to 100% personal. I am confused on the like- kind exchange section. https://ttlc.intuit.com/community/state-taxes/discussion/i-bought-a-new-vehicle-for-my-business-my-husband-took-my-old-one-for-his-we-converted-his-old-to/01/377945#M16436 <P>Even though we did no trade it still is asking for like-kind trade info.</P> Tue, 04 Jun 2019 00:28:04 GMT https://ttlc.intuit.com/community/state-taxes/discussion/i-bought-a-new-vehicle-for-my-business-my-husband-took-my-old-one-for-his-we-converted-his-old-to/01/377945#M16436 adwessels 2019-06-04T00:28:04Z No, it is not a like-kind exchange. You will have to disp... https://ttlc.intuit.com/community/state-taxes/discussion/no-it-is-not-a-like-kind-exchange-you-will-have-to-disp/01/377952#M16438 <P>No, it is not a like-kind exchange. You will have to <B>dispose</B> old car and place on service new one.</P><P> </P><DIV> <DIV> <DIV> <P>For additional information follow the link.&nbsp;</P> <P>Sales and Other Dispositions of Assets&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/p544.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p544.pdf</A>&nbsp;</P> </DIV> </DIV> </DIV> Tue, 04 Jun 2019 00:28:06 GMT https://ttlc.intuit.com/community/state-taxes/discussion/no-it-is-not-a-like-kind-exchange-you-will-have-to-disp/01/377952#M16438 viktoriyab11 2019-06-04T00:28:06Z