Get your taxes done using TurboTax

Yes, my advice is to say the vehicle was removed from service and then do not indicate it was sold or say 'Yes' it was converted to personal use.  This takes care of the vehicle in the rental section(s).  This will eliminate any sales information in the vehicle itself. Next you will enter the sale one time using the steps below.

1. Calculate the standard mileage rate depreciation portion for the business miles each year (see chart below)
2. Go to Less Common Business Situations
3. Scroll to Sale of  Business Property
4. On the next screen select Any Other Property Sale
5. Use the information from step one and the depreciation from step 1 to complete your sale
6. If the personal portion of your vehicle is a loss there is nothing to report for that portion of the sale/trade.