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?

[stephanie47]

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?

[DavidD66]

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.