Do I need to mark a vehicle as sold/disposed if I stopped my self-employed business in July 2021 and stopped using the vehicle for business at that time? I still own it

[mkmomma1]

I do still own the vehicle and use it solely for personal use.

[MayaD]

You need to check the box "I stopped using this vehicle in 2021."

To do this in TurboTax,

• From the left menu, select Federal
• Go to Income & Expenses
• Select Self-Employment Income & Expense click Revisit
• Pick your business and click Review
• Scroll down to the expenses to Vehicle and click Edit
• On the Vehicle Summary, next to the vehicle, click Edit
• Check the box for I stopped using this vehicle in 2021