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samees1mom
Level 1
December 7, 2019
Solved

How do i do a tradein for a business vehicle

  • December 7, 2019
  • 2 replies
  • 8 views
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Best answer by sjrcpa

You treat it as a sale.

2 replies

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

You treat it as a sale.

The more I know the more I don’t know.
IRonMaN
IRonMaN
Level 15
December 7, 2019

For federal purposes, you don't.  With the new and improved tax laws only real estate qualifies for like kind exchanges.

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