You do need to report the sale on your tax return, since you used the auto for business.
To report it in TurboTax, you need to go to the business section and update your Business Income and Expenses. Find your Business Expenses and then update your Business Vehicle Expense and edit your vehicle. You will see an option that says I stopped using this vehicle in 2020, check that box and you will be asked to enter your sales information.
The sale amount is the payoff on your loan and the $2,700 left over.
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