turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Anonymous
Not applicable

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?

 
1 Reply
AmandaR1
New Member

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

By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies