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rzwaag
New Member

I had a vehicle with a 60 month loan with 0% interest. I sold the vehicle in September 2021 and had to make a final payment to pay off the loan. How do I submit this?

 
3 Replies

I had a vehicle with a 60 month loan with 0% interest. I sold the vehicle in September 2021 and had to make a final payment to pay off the loan. How do I submit this?

Can you please clarify if you owned a business and used your vehicle for it and had reported your vehicle in previous years under CCA? 

 

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rzwaag
New Member

I had a vehicle with a 60 month loan with 0% interest. I sold the vehicle in September 2021 and had to make a final payment to pay off the loan. How do I submit this?

Good morning,

 

I do not own or run a business but receive a monthly car allowance from my employer and use my personal vehicle for business use (and is insured for this purpose).

 

Yes, this vehicle has been previously reported under CCA.

 

Roeland.

I had a vehicle with a 60 month loan with 0% interest. I sold the vehicle in September 2021 and had to make a final payment to pay off the loan. How do I submit this?

If it is just that your loan for your vehicle was paid off there is no where to report this. 

 

Thank you for choosing TurboTax