Deductions & credits

Business Cost Basis = $37,755 x 0.26922 = $10,164

Depreciation = $3717

Adjusted Business Basis = $10,164 minus $3717 = $6447

 

Business Sales Price = $32,000 x 0.26922 = $8615

 

Business Gain = $8615 minus $6447 = $2168