1) Yes, if you have reported this vehicle for at least six years, it is fully depreciated. You can confirm this by locating the Depreciation and Amortization Report, a worksheet created by TurboTax as part of your return. If the cost less all types of depreciation equal zero, the asset is fully depreciated.
2) If there is an amount in the Section 179 column of the depreciation report, you may have recapture reported on Form 4797 because the business use dropped below 50%. The line item will mention Section 179.
3a) Yes, per my response #1, your basis in the vehicle should be zero (fully depreciated).
3b&c) Assuming you report Section 179 recapture this year, you would not have any additional recapture when you sell the vehicle.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
