Question
Why won't TT show a loss for sale of my old car?
Here are the facts: I entered a 5 yr old Nissan into service on 7/1/2011. FMV initially was $12,000. Business use each year was 55-60%. Prior depr. was $5304. I took the std. depr. all years except 2017. I bought a new Honda on 12/29/2017 and placed it in service on 1/1/2018, at 59% business use for the year. I sold the Nissan for $1200 on 1/12/2018, and had zero miles on it in 2018 for business or personal. It seems I should have a loss but TT doesn't show one. What am I doing wrong?
