Vanessa A
Expert Alumni

Business & farm

No.  If you took the Section 179 deduction 10 years ago on your car that you just sold, the car would be fully depreciated and no longer have value. 

 

 However, this means, if you sold the car for $10,000 and you fully depreciated it 10 years ago, then you would have a $10,000 gain on the sale since the value of the car is $0. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"