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May 31, 2022
Question

I had a vehicle with a 60 month loan with 0% interest. I sold the vehicle in September 2021 and had to make a final payment to pay off the loan. How do I submit this?

  • May 31, 2022
  • 1 reply
  • 0 views
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    1 reply

    June 8, 2022

    Can you please clarify if you owned a business and used your vehicle for it and had reported your vehicle in previous years under CCA? 

     

    Thank you for choosing TurboTax.

    rzwaagAuthor
    June 13, 2022

    Good morning,

     

    I do not own or run a business but receive a monthly car allowance from my employer and use my personal vehicle for business use (and is insured for this purpose).

     

    Yes, this vehicle has been previously reported under CCA.

     

    Roeland.

    July 26, 2022

    If it is just that your loan for your vehicle was paid off there is no where to report this. 

     

    Thank you for choosing TurboTax