turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I don't lease my car I am financing and there wasn't an option for that so how can I change this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Anonymous
Not applicable

I don't lease my car I am financing and there wasn't an option for that so how can I change this?

please clarify the issue you are having.  if you are financing the purchase you bought the vehicle so its cost must be entered in TT  which you get off the dealer's invoice.   - basically the principal your financing + cash you put down + value given for trade in.    


under the new tax laws for 2018 - like kind exchanges are out for 2018  so the law says you're now regarded as having sold the trade-in - (the trade-in value)  

View solution in original post

1 Reply
Anonymous
Not applicable

I don't lease my car I am financing and there wasn't an option for that so how can I change this?

please clarify the issue you are having.  if you are financing the purchase you bought the vehicle so its cost must be entered in TT  which you get off the dealer's invoice.   - basically the principal your financing + cash you put down + value given for trade in.    


under the new tax laws for 2018 - like kind exchanges are out for 2018  so the law says you're now regarded as having sold the trade-in - (the trade-in value)  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question