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Deductions & credits
The Standard Mileage Rate has depreciation built-in to it. So YES, you need to account for the depreciation when you report the sale of your vehicle.
However, TurboTax is NOT set up for selling an item that varied in business percentage (such as a vehicle). You will need to either MANUALLY calculate and enter the sale, or go to a tax professional.
‎April 2, 2020
11:50 AM