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Deductions & credits
Your sales price is not zero, it is $4,000. You said the vehicle was fully depreciated after 5 years? If you took MACRS, your basis is zero and you had a $4,000 gain.
If you didn't take actual expenses, but standard mileage, you would need to recapture the standard mileage, based on the amounts in this LINK.
‎April 16, 2022
6:26 AM