What was the portion of business use? If the truck was also used for personal use, the cost/basis could have been reduced to reflex the business portion only.
If your business portion fluctuated over the years (80%, 75%), the basis would also fluctuate.
Please be sure to enter the 2024 miles driven business/personal in the vehicle expense section first, before reporting the trade.
TurboTax will use the miles you report for 2024 when calculating the percentage of business use, which will in turn could affect the amount of the basis.
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