My car for Uber eats was totaled in an accident how do I show it in my schedule C

[canihaveahorse]

I stopped using my car because it was totaled in an accident how do I show it under my schedual C?

[ThomasM125]

You need to add the auto in the Business Expenses section of your business if you didn't do so in the current or a prior year. Once you have the vehicle added, click on the Business Vehicle Expense option and you will see an option to edit the vehicle. Once you start to edit the vehicle, you will see an option to say you Stopped using the vehicle and you can enter the date it was destroyed.

Later in that routine, you will be asked to enter the sale price of the vehicle, which will be -0- or the amount of any insurance reimbursement you received. TurboTax will then calculate the applicable gain or loss on the sale of the vehicle.

[angelicatv]

What do you do if you purchased a new car with the insurance proceeds right after?

[Critter-3]

You will complete the VEHICLE expenses section for the new vehicle ... it is just that simple and it has nothing to do with the disposition of the old vehicle. 

[AmeliesUncle]

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@angelicatv wrote:

What do you do if you purchased a new car with the insurance proceeds right after?

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If you had a gain, you may be able to defer the gain from that "involuntary conversion".  

I don't know if TurboTax handles that or not, so you may consider going to a tax professional.