My father gave me his truck (for free) in July 2019. I used it for mainly self employed business purposes (construction... occasional personal use though I had an alternate vehicle for personal use) and claimed standard mileage deduction in 2019 & 2020. I stopped doing business in Sept 2021. I sold the truck in Sept 2021 for $100 (the engine went bad). I have NO IDEA how to fill out the depreciation sections on my tax return. I'm not trying to claim a lost, I have zero problem with the $100 gain being reported. I tried just putting the $100 gain and putting zero's for the depreciation sections, but once it gets to the Federal Review it said i have to select something for MARCs and i click "Not applicable" then it says "Recovery Period" must be entered and I have no idea what that means or what to put! Do I need to change my original zero's or something? Please Help! :-(.
