carson2246
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I have a similar problem with Turbo Tax creating a Capital Gain. I've been using Turbo Tax Business for several years and taking the mileage deduction for real ...
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The answer doesn't track with the Turbo Tax screens, so still confused as to the gain of $7,2001. Trade in value of the Honda CRV was $12000. Use 60% business u...
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Your reply "enter the car as a new asset". As I see it you add a vehicle in the vehicle portion of business expenses. Do you add so where else?
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I'm with you. I get no Like Kind for vehciles, but it appear the gain on a trade is the business use portion. The trade in basis and prior standard mileage depr...
Activity Feed for carson2246
- Got Cheered for Re: vehicle trade-in -- gain or loss?. September 1, 2024 9:49 AM
- Posted Re: vehicle trade-in -- gain or loss? on Get your taxes done using TurboTax. May 26, 2020 7:53 PM
- Posted Re: vehicle trade in for real estate on Business & farm. April 8, 2020 8:44 AM
- Posted Re: Trading in a vehicle and buying a new one on Business & farm. April 5, 2020 5:32 PM
- Cheered Trading in a vehicle and buying a new one for 1Larry54. April 5, 2020 4:57 PM
- Posted Re: Trading in a vehicle and buying a new one on Business & farm. April 5, 2020 4:54 PM
- Posted vehicle trade in for real estate on Business & farm. April 5, 2020 4:49 PM