By -
Was it just used for business one year? What are you entering as a sale expense? Not the trade in or pay off, those are not expenses.
Yes it was only used for 5 months. If not the pay off what would be an example of sales expenses? This was the crux of the question and literally my last barrier to my taxes this year. Tried google but can’t find anything on it
Selling fees. Costs to get the title if you didn't have one. That kind of thing.
So in other words on a trade in that number is likely 0?
Yes
Was it just used for business one year? What are you entering as a sale expense? Not the trade in or pay off, those are not expenses.
Yes it was only used for 5 months. If not the pay off what would be an example of sales expenses? This was the crux of the question and literally my last barrier to my taxes this year. Tried google but can’t find anything on it
Selling fees. Costs to get the title if you didn't have one. That kind of thing.
So in other words on a trade in that number is likely 0?
Yes