Trade in Vehicle

[gina81]

Hi Tom, I traded my 2011 traverse for honda crv and turbo tax is saying I need to fill in line 25 wks line A on form 8824? What should this be is this a depreciation recapture? Thank you,

[TomCopeland]

like kind exchange

Hi Tom, I traded my 2011 traverse for honda crv and turbo tax is saying I need to fill in line 25 wks line A on form 8824? What should this be is this a depreciation recapture? Thank you,

This is a like kind exchange when you trade in one vehicle for another. This allows you to avoid paying any tax on any profit associated with the trade in. There is no line A on this form. Please clarify.