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cd2023
New Member

Not able to enter $0 for vehicle that was claimed as DIEP in 2022 and sold in 2023

We purchased a used Class 10 vehicle for the business in 2022 which we claimed that year as a DIEP. We then sold that vehicle in 2023 and I am trying to adjust the record under the vehicle CCA section to record the sale. The UCC is $0 since we claimed the purchase as a DIEP the year prior, however TurboTax is saying I can not have a $0 UCC for this vehicle and I am not able to get past the page.

Also I am not sure what number to enter under "Lesser of total cost of the vehicle and the total proceeds received" since we made a profit on the sale of the vehicle I would assume we need to record that profit somewhere.

Any help is greatly appreciated!

1 Reply

Not able to enter $0 for vehicle that was claimed as DIEP in 2022 and sold in 2023

 

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