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 used my vehicle for gig work in 2025, but it was wrecked so I stopped using it in november 2025. it was totaled out. does anyone know i indicate that on my tax return

 
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 Reply

I used my vehicle for gig work in 2025, but it was wrecked so I stopped using it in november 2025. it was totaled out. does anyone know i indicate that on my tax return

The vehicle section is not complete at this point in time per TurboTax. It says it should be ready by early February or sooner

 

Was it covered by insurance and if so, did you file a claim? The IRS denies losses when insurance is available but not claimed You can also take a deduction if there was no insurance or claim denied

The issue with TurboTax right now is that there seems to be no way to indicate it was removed from service due to a casualty. This could result in you inadvertently taking a loss on it twice. Once on form 4797 because of entries on the vehicle worksheet and again on form 4684. This may be fixed once the vehicle worksheet is updated 

 

If you do not have good records as to business and personal usage or this was a personal vehicle converted to business use , there could be additional issues. 

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