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If you had a vehicle for business use and it was totaled, you would say that you "disposed of" it. Any insurance proceeds will be considered the amount that you "sold" it for. If you received insurance proceeds, the amount received will be your "sales" amount. If you purchased a replacement vehicle, it would be what you "traded" for the old vehicle.
Do not type "0" in the box gain/loss and AMT , leave it EMPTY otherwise it will generate errors later.
Thank you for the help
Thanks!
Same issue. How do you get back to the sale of the car? This software is unreasonably difficult to navigate.
You can revisit the section needed to make changes by using the topic search feature in TurboTax Online. On the left-hand side go to Tax Tools>Tools >Topic Search or Topic List. Then type the section or form that you need to update in the search box and click Go.
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