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Traded In My Car Last Year – Any Tax Benefits?

I know consult a tax professional…but I’m doing my taxes and my brother told me since I traded in my car last year (a car that is used 95% for business) that I can deduct the difference in cost vs sale? I’m confused but he’s basically saying I should report it and can get a big deduction on my business expenses. Thoughts? ?

submitted by /u/SilentPlace1562
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Limited Time Bonus
For a limited time when you purchase a copy of the Flex Drivers Guide, 
you automatically get 1-year access to the Flex Driver Community Instantly. ($50 value)