MarilynG
Expert Alumni

Deductions & credits

Yes, leave 'Basis for Gain/loss' and 'AMT basis for gain/loss' blank.

Once you enter Sales Price (trade in value)Cost and Prior Depreciation, TurboTax will calculate any Gain/Loss and report it on Form 4797 for you.

You can see the calculations on the Car and Truck Expense Worksheet when you download or print your return.

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