Section 1245 Recapture Rule (LO. 8) Maria sells the automobile she uses in her job as a marketing representative for $3,270. The car cost $16,350 four yea for personal purposes. At the date of sale, Maria rs earlier, Maria uses the automobile 80% of the time in her job and 20% of the time had taken $10,900 in depreciation on the automobile. termine the tax consequences to be included in a letter to Maria. a. What is the total gain or loss on the sale? Maria has a total loss of $1 b. The business portion of the automobile results in a $ as ordinary income The personal portion of the automobile results in a $ ) Section 1231 gain-that is taxed non-deductible loss v Feedback Check My work The practical effect of this provision is to deny capital gain or Section 1231 treatment on any Sectior property that is disposed of at less than its original cost