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-adelman
New Member

I stopped using a vehicle for business purposes during the year but did not sell it. The program wants the FMV on sale but there was no sale

 
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Accepted Solutions
RyanH2
New Member

I stopped using a vehicle for business purposes during the year but did not sell it. The program wants the FMV on sale but there was no sale

Try using the steps below to show that you are not using the vehicle anymore, but did not sell or trade it.

First, delete Form 8824:

1. Go to "My Account" in the top right corner

2. Select "Tools"

3. Under "Tools Center" select "Delete a Form"

4.  Navigate to "Form 8824" and select "Delete" next to it

Follow the steps below to let TurboTax know you did not sell your vehicle:

1. Search "Form 2106" in the upper right corner

2. Choose "Jump to Form 2106"

3. Select "Edit" next to your occupation

4. Continue until you arrive to the "Vehicle Summary" page

5. Select "Edit" next to your vehicle

6. Continue until your arrive to the screen that says, "Are You Still Using Your Car for Business?" in blue

7. Answer "No, I stopped using my car for business"

8. Proceed to select "Continue" and leave any question regarding a sale blank in the section

NOTE: You don't have to sell your vehicle to select this option. Notice it reads "sold, traded-in, gave away or stopped using"




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1 Reply
RyanH2
New Member

I stopped using a vehicle for business purposes during the year but did not sell it. The program wants the FMV on sale but there was no sale

Try using the steps below to show that you are not using the vehicle anymore, but did not sell or trade it.

First, delete Form 8824:

1. Go to "My Account" in the top right corner

2. Select "Tools"

3. Under "Tools Center" select "Delete a Form"

4.  Navigate to "Form 8824" and select "Delete" next to it

Follow the steps below to let TurboTax know you did not sell your vehicle:

1. Search "Form 2106" in the upper right corner

2. Choose "Jump to Form 2106"

3. Select "Edit" next to your occupation

4. Continue until you arrive to the "Vehicle Summary" page

5. Select "Edit" next to your vehicle

6. Continue until your arrive to the screen that says, "Are You Still Using Your Car for Business?" in blue

7. Answer "No, I stopped using my car for business"

8. Proceed to select "Continue" and leave any question regarding a sale blank in the section

NOTE: You don't have to sell your vehicle to select this option. Notice it reads "sold, traded-in, gave away or stopped using"




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