Your basis for gain/loss and AMT basis for gain/loss are both going to be the price you originally paid for the vehicle plus any major improvements you made (new engine/transmission for example). On the next page you will figure the depreciation by clicking on the "Learn More" hyperlink to see the portion of your standard mileage deduction over the years to enter using your past years' mileage.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
