If I disposed of my car in 2018, what do I put in Basis for gain/loss and Basis for AMT gain/loss?

[BreaunnaL]

When you say disposed, did you donate or sell?

[oarias28]

Junked.  Thank you.

[BreaunnaL]

is this related to a business or personal vehicle?

[oarias28]

A vehicle used for personal and business

[BreaunnaL]

Please see the instructions below for disposing of your business asset:

• Click Business on the Tax Timeline

• Click "Start" (or revisit) next to Business Income and Expenses

• Scroll down to the Business Assets section and click "Start" (or edit/revisit).

• You should see your vehicle listed, and you will choose to Edit that vehicle.

• Follow the prompts until you get to the Tell Us About This Asset entry.  You'll see a box to check if you sold, retired, disposed of, converted to personal use.... this vehicle.

• You will then enter the date you sold or retired it from use.

• ·Answer the remaining questions about the vehicle.

[lindacomerford]

Traded in a 2014 car used 75% for business purposes.  We never depreciated the 2014 car.  We just used the standard deduction.