I have a few questions related to a business vehicle. I am a delivery driver and used a vehicle for business for tax years 2020, 2021 and 2022. In 2022, my vehicle had major mechanical repairs (new battery & water pump) but it did not fix the vehicle and it became inoperable and I sold it for a junk car in August 2022. The vehicle was originally $21,000 when first purchased and sold it for $450. My business use for the vehicle was 71.39% for 2022. I did not trade the vehicle, but see there are questions regarding gain or loss basis on a trade. I assume I leave these questions blank on basis for gain/loss and AMT gain/loss?
I used the actual expense method for depreciation deductions each year in use - 2020 tax year using S/L-HY calculation method for an special depreciation allowance of $6488 and 2021 tax year using DB200HY calculation method for current depreciation of $4904. Turbotax is asking for prior depreciation for all years including 2022. Since I used the actual expense method, I should add up my depreciation deductions for tax years 2020, 2021 and 2022 (assuming for 2022, I use the same DB200HY calculation method to get that depreciation deduction which would be $5,997) for the depreciation equivalent? What about for the AMT depreciation equivalent?
