I am military and deducting mileage expense for drill weekend travel which is more than 100 miles from my home. Most of these questions are business related, so I find it confusing.
I traded my 1996 Ford 150 in for $1500 January 2020 and purchased a used 2020 Pickup Truck for $28,800. How do I enter this calculation? I have the sales prices listed as $274.00 which represents usage at 34.29%. I am at a loss of how to figure the Basis for gain/loss or Basis for AMT gain or loss. Where do I get this information? I appreciate any help you can offer. Thank you.
