I am still lost on some of this.
Here is the senario, We purchased a vehicle in 2005, my wife has been using it for personnal and real estate business until april of 2008 when we sold it.
We did not purchase another vehicle to replace it, we are ausing an older vehicle that we already own for her to use for the time being. So now we will claim miles for her real estate on this older vehicle in 2009. I guess that I am not understanding the terminology here. So please explain the "FMV like-kind Rec'd_________" as it aplies to our situation. Now for the adjusted basis, Sivce we did not trade in a vehicle please explain your answer concerning "Adj Basis prop given_________"
Well I have used Turbo Tax fo the last 10 years and this has been the only time that I have had an issue. Unfortunatley I am still at the same place that I was before asking for help. I thought that I had answered something wrong along the way but it doesn't look that way. I will probably have to physically take my tax data to someone loacally that will be able to fix my issue. I would have been glad to pay for your sevices if we could reslove this issue. Thanks for trying anyway..........................