1. No, do not delete the vehicle. Instead, report that you stopped using the vehicle for business purposes. This checkbox appears on the page "Tell us about your business vehicle." Check the box and enter the date you stopped using it for business. Continue through all questions regarding the vehicle. Look for a page "Do any of these apply to the [name of vehicle]?" Here you would check the box for "You gave it away as a gift." TurboTax will help you determine how to report this gift in your return.
2. If you sold the vehicle, first report you stopped using it for business and the date. Then enter the sales price when asked, along with any other information TurboTax needs to complete the sale. If straight-line depreciation is required, TurboTax will handle this for you.
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