Husband and wife partnership. Capital account balances are about $12,000 each. Business owns a 2014 Toyota 4Runner, recorded at $44,031. Depreciation is $24,007, $11,160 of which is special depreciation allowance. On Jan 9, 2019 vehicle is retired. Wife transfers title in her name. FMV at date of transfer is $19,075. My question: Is there a taxable event in 2019? And if so how is it reported?