What should I do if I was in a car accident in 2024 and so the car i used for a business was neither sold nor traded in. what do i put for the sales price?
The car was a total loss and the insurance company paid out the remainder of the loan. I am still in litigation for this accident. What should i put for the sales price as I dont want to take this as a possible hit?
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1 Replies
DavidD66
Expert Alumni
Apr 15, 2025 11:44:55 PM
The "sales price" is the amount that the insurance company paid, whether they paid it to you, or paid it to the lender to pay off the loan.