TimParx
New Member

Vehicle sale

I bought a used car for $8,000 in 2012 and used it for personal & self-employed business.  I took mileage deductions but no depreciation - unless TurboTax automatically depreciates through mileage. I sold it for $1700 in 2019. How do I handle the sale now when TurboTax wants to know about basis for gain/loss and depreciation equivalent?  If I leave everything blank it says the $1700 sale price is taxable income.