DFS1
Level 2

How do I deal with conversion of a vehicle fully depreciated using special depreciation deduction in 2021 from business to personal use. I am not selling the vehicle.

I purchased a small truck, 75% business use in 2021 and depreciated it fully in one year using the special depreciation option. I am converting it to 100% personal use.  Do I understand correctly that if/until I sell the truck no reporting is required.  We simply do not make any reference to it on our 2023 return?