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Barely used my personal vehicle for business and in 2017 stopped using since business closed on 1/1/17. Asking me about conversion to personal use and recapture. Help?
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posted
June 6, 2019
10:28 AM
last updated
June 06, 2019
10:28 AM
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Barely used my personal vehicle for business and in 2017 stopped using since business closed on 1/1/17. Asking me about conversion to personal use and recapture. Help?
The software has to ask these questions so that it can complete your forms accurately. If you used the standard mileage rate method to deduct your vehicle expenses, you can answer $0 to questions about recapture.
Otherwise, I explain how to review your forms to see if you took extra depreciation for 179 and special depreciation, at the instructions below: https://ttlc.intuit.com/replies/6634956
June 6, 2019
10:28 AM
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