Deductions & credits

clarify! how is 3742 in depreciation larger than 18970. we need more details but i will give you a method that is often suggested.

 

multiply the cost of the vehicle by business mileage all years divided by total mileage all years. this is the portion that is the business cost the rest is personal. split the sales price proportionately between the two costs. there will probably be a loss on the personal portion which is not deductible.

 

for the business portion you have a portion of the $200 as the sales price your basis in in the business portion of the cost reduced by depreciation taken. if more than the businees cost was taken this is recaptured as ordinary income.  Not sure how this would be done in Turbotax.  A workaround might be to use depreciation = business cost so basis is zero and threat the excess depreciation as additional proceeds.