No. The sale price is $50K. That's what you sold it for.
When you enter the information in for the sale it will ask what you paid for the car and you will enter $100K. Then it will ask for prior accumulated depreciation and you will enter $80K.
Then the sale will look like -
Sold for $50,0000
Minus basis of $20,000
Profit of $30,000
Recaptured depreciation of $30,000 taxed as regular income.
@Green H
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