It'll work out to a little less as taxable income. You won't indicate that it was taken out of service. You'll enter it as a sale of the vehicle with a sale date of 10/1/23. So you won't end up taking the full year's depreciation.
It's not taken out of service because it was sold just as if it was perfectly functional. The total loss makes no difference to the taxes.
@Keithjwaz
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
