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Since like-kind exchanges are limited to real property beginning in 2018 how do you report the disposition of a vehicle that was traded in on a new vehicle?

Both vehicles are only partially used for business.

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Anonymous
Not applicable

Since like-kind exchanges are limited to real property beginning in 2018 how do you report the disposition of a vehicle that was traded in on a new vehicle?

you're supposed to use FMV as sales price,  however in practice most use the trade in value given on the invoice for the replacement vehicle. 

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