Hal_Al
Level 15

Deductions & credits

A total loss accident means you "sold" it for $0.  TT is trying to determine if you need to do "depreciation recapture" (even if you used the standard mileage deduction rate).  

 

You don't need to do depreciation recapture, since you got $0. 

 

If you got an insurance payout, then that amount is what you "sold" it for.