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Get your taxes done using TurboTax
Follow up question:
The 2013 truck was traded in for the new 2024 truck. The old truck trade in value is $15000, times business percentage 52.93% = $7939.50.
When I entered it as the sales price ($7939.50), got the same error : AMT dep allowed / allowable is too large.
What do I need to enter as Sales price or do I leave the Sales price blank since it was traded in for another business vehicle?
‎February 19, 2025
12:56 PM