Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 21, 2024 4:28:52 PM

Should I have to declare financed car?

0 1 205
1 Replies
Moderator
Mar 21, 2024 4:36:55 PM

No. If you just bought a car for personal use, then you don't need to put it on your tax return. 

 

When you sell it, you'll need to put the sale on your tax return, but most times it will result in a loss instead of a taxable gain.