- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The business use of the vehicle for January was 54.49%. On the page for sales price under Sales Price (Business Portion Only), I entered $272. There was no expense for the sale so I entered $0. On the next screen for gain or loss, under Basis for gain/loss (enter 100% of basis) I entered $14,537. Is this not correct? Should it be $24,545 x 54.49% = $13,375 - $10,008 = $3,367? There are no other number that TurboTax lets you enter. Under basis for AMT gain/loss, I entered $0.
March 15, 2020
8:35 AM