Basis: Purchase minus depreciation.
Let's start with purchase price $33,000. Subtract business depreciation- you either used standard mileage or actual expenses.
- If actual - look at your tax form for the depreciation taken last year.
- If standard - multiply the miles driven for business by 28 cents.
AMT basis is the same as what you calculate here since you have no AMT form in your return last year.
Sales price:
$28,000
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