Actually, you have a gain.
Your basis in the business portion of the vehicle when you placed it in service was $240. You depreciated that down to zero. Depreciation only applies to the business portion of the vehicle, but it can't go below zero. Therefore, the $120 you got for it is a gain.
You should not leave the basis part blank. Your basis is the FMV of the business portion of the vehicle when you placed it in service. But that should not change the amount of the gain.
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