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stephanie47
April 16, 2025
Question

What should I do if I was in a car accident in 2024 and so the car i used for a business was neither sold nor traded in. what do i put for the sales price?

  • April 16, 2025
  • 1 reply
  • 0 views
The car was a total loss and the insurance company paid out the remainder of the loan. I am still in litigation for this accident. What should i put for the sales price as I dont want to take this as a possible hit?

    1 reply

    D
    DavidD66
    April 16, 2025

    The "sales price" is the amount that the insurance company paid, whether they paid it to you, or paid it to the lender to pay off the loan. 

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