Have you reported or deducted your car expense with these Gigs in prior years?
You also said you had deducted actual expense. did this include depreciation? Or was it just gas?
How old was the vehicle? More than 5 years?
My answer is based on a lot of assumptions. You know what assumptions are ... you make as a** out of you and me.
Getting back to your original question the answer is it depends.
My assumption is you worked for several ride share companies UBER Lift ect and you deducted the cost of gas and other repairs. My assumption is you did not depreciate your car in prior years.
Based on this is the only year of gig work you should be reporting car expense using the standard mileage deduction. As such there is no need to report the sale and loss from your car.
If you had reported or deducted deduction expense in prior years you will need to recapture some of the deprecation expense from prior years. If this is true go see a tax professional
