Did you select I stopped using this vehicle in a self-employment activity?
If so, the Sales Price at the screen Sales Price would include the any cash received for the vehicle including an insurance payment.
In TurboTax Premium Online, follow these directions for the sale/disposal of the asset.
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages & Income.
- Click to the right of Self-employment.
- Click to the right of Self-employment income and expenses.
- At the screen Your self-employed work summary, click the pencil to the right of the self-employment activity.
- At the screen Here's your info, scroll down to Vehicle, click the pencil to the right.
- At the screen Vehicle Summary, click the pencil to the right.
- At the screen Let's get some info about this vehicle select I stopped using this vehicle in 2025.
- Enter the date. Continue.
- Continue through the screens about the disposal of the asset.
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