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Post by southwestform on Apr 15, 2011 15:34:01 GMT -5
Last year I sold my vehicle that I used sometimes for business and I purchased a new one from someone else.
Using Turbo Tax, one of the questions is:
Did you trade in this vehicle for another vehicle and immediately start using the new vehicle for business?
1.) I didn't really "trade-in" the vehicle, I sold it to a private party and purchased a new one from a dealer. Is this same thing? Or should I answer "no"?
Thanks.
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Post by commentator on Apr 15, 2011 18:39:35 GMT -5
Selling to one person and buying from another is not a trade in.
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