Remember that if you take the IRS mileage rate on an auto in your business, you still have to claim a gain or loss if you sell that car or truck. The IRS mileage rate includes 22 cents a mile depreciation, so use that and your total miles to calculate how much depreciation to reduce your cost and calculate your gain or loss. If you have questions, email me at bstonercpa@sbcglobal.net and we can do a calculation to see whether it makes sense to sell, trade in or give away the car or truck.