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December 24, 2022
Question

What answer to "what did you pay for the commercial vehicle?", when the it's financed? Answer with what I paid (down and monthly payments) or the total amount financed?

  • December 24, 2022
  • 1 reply
  • 0 views
I opened a trucking business and bought a used commercial truck but when Turbotax ask me what did I paid, I don't know if they are trying to compare how much costed me the truck compared with the market value or they just want to know how much I spent paying the truck. Truck is financed.

1 reply

VolvoGirl
Employee
December 24, 2022

The total you paid (including what you financed).  Look at the sales sheet from where you bought it.