When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

teambrobec · ‎December 22, 2020

Anonymous_ · ‎December 23, 2020

See https://www.irs.gov/instructions/i6251#idm140490139475936

Generally, for personal property such as a vehicle, your AMT and regular basis will be the same unless you used the 200% declining balance method for depreciation.

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Anonymous_ · ‎December 23, 2020

See https://www.irs.gov/instructions/i6251#idm140490139475936

Generally, for personal property such as a vehicle, your AMT and regular basis will be the same unless you used the 200% declining balance method for depreciation.

teambrobec · ‎December 23, 2020

Awesome! Thank you so much!

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When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

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When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

When selling a business vehicle it asks for the loss/gain basis and the AMT loss/gain basis. Are these values the same? If not, what’s the difference between the two?

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