Business & farm

You will have to visit the business vehicle section in TurboTax and indicate that you stopped using the vehicle in 2023:

Later in that section, you will be asked to enter the sales price of the vehicle, which will be the insurance proceeds times your business use percentage, and the cost of it. Also, you will be asked to enter the depreciation equivalent of the vehicle if you used the milage allowance to determine your vehicle expenses. There will be a Learn More link on that page to inform you of how to determine the depreciation equivalent. It will be the business miles you entered each year multiplied by a cost per mile. One you enter all of that, TurboTax will report any gain or loss you have on the disposition of the vehicle.