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There is no tax input for a repossessed vehicle if it was a personal vehicle, unfortunately. If it was used in a business, when you go through the business portion, you would edit this asset and check that it was sold in 2017, for the amount of the loan you still owed.
I am in a similar situation, ugh, like I didn’t think I would fall and fracture bones at work and be on sdi, I’m still waiting on sdi and that set me back and got my Car repoed , thank goodness is tax season ✊🏾
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eronrox
Level 3
eronrox
Level 3
eronrox
Level 3
NicDor
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whodiini
Level 5
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