Business & farm

Thanks for your reply.

Turbotax always figured the vehicle deduction on both standard and straight-line depreciation with expenses and chose the straight-line as it had more benefit.  Below is a sample of a past 4562.

At the time I setup this vehicle for business use, Turbotax always asked "What did you pay for this vehicle" and not the FMV.  So I have been using that all along.  I can change it to FMV with the average, which will probably be somewhat of a wash.

So if I sold the vehicle for anything more than the depreciation I took over the years then I have to pay tax on the full sales price?  That doesn't seem right??  It will be as if I didn't get any tax break for using the car at all?