topic What answer to "what did you pay for the commercial vehicle?", when the it's financed? Answer with what I paid (down and monthly payments) or the total amount financed? in Business & farm

What answer to "what did you pay for the commercial vehicle?", when the it's financed? Answer with what I paid (down and monthly payments) or the total amount financed?

normairis69 — Tue, 10 Mar 2026 07:15:40 GMT

I opened a trucking business and bought a used commercial truck but when Turbotax ask me what did I paid, I don't know if they are trying to compare how much costed me the truck compared with the market value or they just want to know how much I spent paying the truck. Truck is financed.

Re: What answer to "what did you pay for the commercial vehicle?", when the it's financed? Answer with what I paid (down and monthly payments) or the total amount financed?

VolvoGirl — Sat, 24 Dec 2022 20:50:06 GMT

The total you paid (including what you financed). Look at the sales sheet from where you bought it.