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What is the difference between "basis for Gain/loss" and "Basis for AMT gain/loss" on a business vehicle I traded in with less than 100% business use?
I traded in a vehicle I'd used for less than 100% business use in 2020 for a new business vehicle. I'm trying to determine the Basis for gain/loss AND the Basis for AMT gain/loss.
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March 5, 2021
9:50 AM