I may be on to something. Looking at the form, it looks like maybe it is trying to depreciate the entire vehicle, as if it were owned by the business. It's talking about 5 year asset class and this being year 7 of depreciation, with a depreciable basis of $895. Not sure how you get to that, but if the business portion of the vehicle is a 5 year depreciable asset, then the entire Business portion of the purchase price would have been depreciated to $0, so any money received for the business portion of the vehicle would be a gain.
Mystery solved? But doesn't seem right, as we were not claiming depreciation, we were just claiming mileage deductions.
