topic Why won't TT show a loss for sale of my old car? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/why-won-t-tt-show-a-loss-for-sale-of-my-old-car/01/377701#M47467 <P>Here are the facts: I entered a 5 yr old Nissan into service on 7/1/2011. FMV initially was $12,000. Business use each year was 55-60%. Prior depr. was $5304. I took the std. depr. all years except 2017. I bought a new Honda on 12/29/2017 and placed it in service on 1/1/2018, at 59% business use for the year. I sold the Nissan for $1200 on 1/12/2018, and had zero miles on it in 2018 for business or personal. It seems I should have a loss but TT doesn't&nbsp; show one. What am I doing wrong?<BR /></P><BR /> Tue, 04 Jun 2019 00:26:31 GMT pambrown2 2019-06-04T00:26:31Z Why won't TT show a loss for sale of my old car? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/why-won-t-tt-show-a-loss-for-sale-of-my-old-car/01/377701#M47467 <P>Here are the facts: I entered a 5 yr old Nissan into service on 7/1/2011. FMV initially was $12,000. Business use each year was 55-60%. Prior depr. was $5304. I took the std. depr. all years except 2017. I bought a new Honda on 12/29/2017 and placed it in service on 1/1/2018, at 59% business use for the year. I sold the Nissan for $1200 on 1/12/2018, and had zero miles on it in 2018 for business or personal. It seems I should have a loss but TT doesn't&nbsp; show one. What am I doing wrong?<BR /></P><BR /> Tue, 04 Jun 2019 00:26:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/why-won-t-tt-show-a-loss-for-sale-of-my-old-car/01/377701#M47467 pambrown2 2019-06-04T00:26:31Z Your vehicle was fully depreciated because it has a 5 yea... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/your-vehicle-was-fully-depreciated-because-it-has-a-5-yea/01/377705#M47468 <P>Your vehicle was fully depreciated because it has a 5 year life. Although you did not take full depreciation because of business percentage, it is still completely depreciated. There is no loss on the sale.</P> Tue, 04 Jun 2019 00:26:33 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/your-vehicle-was-fully-depreciated-because-it-has-a-5-yea/01/377705#M47468 Ashby 2019-06-04T00:26:33Z