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Get your taxes done using TurboTax
if your wife is not using the car for business purposes, then you converted it to personal use. you are deemed to have sold the car at FMV on the date. the total FMV is divided split between the business FMV based on business mileage to total mileage as is the business portion of the cost. the rest of the FMV and cost is the personal portion which you can ignore.
the standard mileage rate includes a depreciation factor each year. IRS pub 463
2020 $0.27
2019 0.26
2017–2018 0.25
2015–2016 0.24
2014 0.22
2012–2013 0.23
2011 0.22
2010 0.23
2008–2009 0.21
2007 0.19
2005–2006 0.17
2003–2004 0.16
2001–2002 0.15
2000 0.14
so you multiply each year's business mileage by the rate above. the sum of these becomes the total depreciation taken
the business portion of your cost reduced by the business depreciation is your net tax basis in the vehicle (not less than $0)
FMV of the business portion of the vehicle less the net tax basis is your taxable gain or loss.