Yes, because you will need to dispose the vehicle to recapture the depreciation taken in prior years. To get started:
- Select "Business" at the top of the screen.
- Choose "Continue", then "I'll choose what I work on"
- Select "Start" next to "Business Income and Expenses"
- Select "Edit" next to your business name.
- Scroll down to Business Expenses.
- Now select "Start" next to "Business Vehicle Expense"
As you navigate through the interview process, there will be questions about the disposal of your business vehicle.
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