DianeW777
Expert Alumni

Get your taxes done using TurboTax

The recapture does belong on Schedule E and you may see a Form 4797 in your file (Part IV, line 35, which only goes to the income of the rental, not any place else on the tax return.

 

The cost of your vehicle doesn't change (my error corrected in previous answer), the business use percentage changes and the life actually runs longer due to the change to straight line depreciation and the recaptured amount.

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