I gave a car that was used for self emp[oyed business to my son. How do I show this?

taxesforever768 · ‎June 1, 2019

Vanessa · ‎June 1, 2019

As you're are walking through the vehicle asset entries you will mark that you no longer use the vehicle for business, then you will need to answer yes, you converted it to personal use. There is nothing on it to note that you gave it to your son.

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Vanessa · ‎June 1, 2019

As you're are walking through the vehicle asset entries you will mark that you no longer use the vehicle for business, then you will need to answer yes, you converted it to personal use. There is nothing on it to note that you gave it to your son.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I gave a car that was used for self emp[oyed business to my son. How do I show this?