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marino47
New Member

how do I remove a vehicle i no longer own from my schedule E

How do I remove a vehicle I no longer own from my Schedule E?
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MindyB
Expert Alumni

how do I remove a vehicle i no longer own from my schedule E

In order to remove the vehicle from your Schedule E, indicate that you stopped using it.

 

  1. Navigate to Federal > Wages & Income > Rental Properties and Royalties (Sch E)
  2. Edit the rental using the pencil icon
  3. Navigate to Expenses/Assets, Vehicle
  4. On the screen Let's get some info about this vehicle, check the box I stopped using this vehicle in 2024.
  5. Continue through the interview, and answer what the sales price was. Use $0 if scrapped or given away, or the sales price if sold.

 

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