Schedule C Automobile question

[Rick138]

I stopped using a vehicle for my business but still have it for personal use.  TurboTax is insisting that I count it as sold or abandoned, opening up the whole can of worms for disposing of vehicle.  How can I avoid all of this?

[Rick138]

I should add that my business is just a side business so my use of it was minimal anyway, in case that makes a difference.

[JamesG1]

To remove a vehicle from business use, follow these steps.

• At the screen Let's get some info about this vehicle, select I stopped using this vehicle in 2022 and the date.  Click Continue.
• Continue to the screen Do any of these apply to the vehicle.
• Select You started using it as a personal vehicle 100% of the time at any point in 2022.  Click Continue.
• At the screen Conversion to nonbusiness use, select Yes.

In some cases, you could be required to recapture excess depreciation if you drove this vehicle for business use 50% or less.  See the Recapture rule under Learn more at the screen Conversion to nonbusiness use.

@Rick138