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Old 04-02-2013, 10:48 PM
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Sale of business asset

I traded my pickup truck in June on a new one. It has been in service since feb 2000. I always claimed mileage. I enter the month and year of sale and date placed in service. It asks for Sale price. Than it asks for the Asset basis. When I open the information box for this it says that it is the amount I purchased it for. On the next screen it wants to know how much depriciation I have received. First off. How do I find that information. And can I claim this deduction. I have been using the H and R block free program. Found the same questions on taxact, and neither has any help for this. Am I just reading into this?

Tax laws should not be this hard and the info is scarce.

Thanks for any help



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