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assist for basis for gain/loss and and basis AMT for vehicle that was totaled
My vehicle purchased 8/2023 for $33,000 was used for 10% business was totaled 1/20/24 with insurance payout $28,000, what do I enter for% basis for gain/loss and basis for AMT? I did not depreciate vehicle previously; I understand my payout of business portion was $2,800; yet total vehicle loss of $5,000 (or $500 business portion)....please help to fill in these 2 lines
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‎February 2, 2025
2:28 PM