topic What's "Adjusted basis of like-kind property given up" form 8824? sold old personal car used partly for bus. didn't use as trade in for new car. Do I file form 8824? in Deductions & credits

What's "Adjusted basis of like-kind property given up" form 8824? sold old personal car used partly for bus. didn't use as trade in for new car. Do I file form 8824?

lisarulli8305 — Sat, 01 Jun 2019 00:48:38 GMT

No. If you did not trade in your business vehicle, you d...

TaxGuyBill — Sat, 01 Jun 2019 00:48:39 GMT

No. If you did not trade in your business vehicle, you don't use Form 8824.

Go back through the vehicle section. You may have accidentally indicated that you traded it in. Just indicate you sold it, and follow the questions from there.

Unfortunately, selling a partial-business-use vehicle can be tricky, and you may need to manually do some calculations. Be sure to read the screens and the "Learn More" links very carefully.

I had to go to tools and delete the form.

julie_rancour — Sat, 01 Jun 2019 00:48:42 GMT

I had to go to tools and delete the form.

Thank you for that comment. It was driving me crazy that...

tracheotomy — Sat, 01 Jun 2019 00:48:44 GMT

Thank you for that comment. It was driving me crazy that I couldn't get rid of it.