@DianeW777
I actually got capital loss for the sales of this vehicle. I assume I don't need any special tax treatment?
Here are the actual numbers ( I assume I followed your instruction correctly).
Bought this car in 2011 and sold it in 2013. The original actual price plus taxes: $33,565, and sold this car for $7,600. Business portion: 302 miles/ 1746 miles = 17.3%
1. Cost basis: $5,806 ($33,565 * 17.3%)
2. Sales price: $1,314 ($7,600 * 17.3%)
3. Depreciation: $1894 (2015-2023)
Loss: $1,314 - $5,806 + $1,894 = -$2,596
