One thing, my mistake, we didn't owe $2k, we had the title. Please disregard that.
The $5k we put into it were to make it capable of hauling. It had a gooseneck trailer hitch installed in the bed, secondary shocks added to the axles, etc.
The average business use percentage was 82.15%.
I don't know how to answer your question of "how much depreciation was taken on the vehicle" - I believe we took the standard deduction and/or "straight line" or the most common filing method on TurboTax each year.
My main concern is knowing if I owe money or not, being that I paid more for it than I sold it for; the add-ons went with it as part of the trade-in ($29.5k purchase price, then when traded-in, they applied $5k to the new lease, and we got a check for $15k that was used to purchase another vehicle.
Wouldn't that be a $9.5k loss?
