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AMT dep allowed/ allowable is too large
What do I enter for Basis for gain/loss (enter 100% of basis)?
What do I enter for Basis for AMT gain/loss (enter 100% of basis)?
2013 | purchase truck | $ 62,000 | |
5/1/2016 | Value of the vehicle, Blue book est | $ 45,000 | |
4/11/2024 | traded in for New Truck used for business | $ 15,000 | |
2017 - 2023 | Total mileage rate deduction | $ 22,219 | |
2024 | std mileage rate deduction | $ 940 | |
2017-2024 | Total mileage rate deduction | $ 23,159 | |
2016 - 2024 | Average % used for business | 52.93% |
‎February 19, 2025
10:40 AM