How do I calculate the amount that would go in Box 17 from the information on this statement? The report has several Colums - Description, Date Acquired, date sold, Gross sales Price, Cost or basis plus improvements, Depreciation or allowable, AMT depr', Amt of allowance or allowable, tax year sec 179 expense ded taken.
Turbo Tax did not calculate the dollar amount in box 17? Does anyone know the formula? Perhaps :
Gross sales price less cost basis? Would the dates 179 is taken effect the calculation? Not sure why Turbo Tax didn't just automatically calc this?
