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R
Rangermydog
March 30, 2023
Question

Just Sold my boat, where do I report on TurboTax?

  • March 30, 2023
  • 1 reply
  • 0 views

I just sold my boat and dissolved my charter boat business, Where on TurboTax do I report the sale, expenses etc of the boat?  Listing it under vehicles didn't work.

1 reply

S
ShirlynW
March 30, 2023

On your returns in prior years, did you enter the boat as an asset? Can you clarify some things: did you enter this boat as an asset when you first bought it? In the past, did you report your income and expenses as a sole proprietorship on Schedule C?"

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