RobertB4444
Expert Alumni

Business & farm

For this year you just need to indicate that the vehicle has been converted to personal use and save a copy of all of the depreciation that you have taken on the vehicle to date.

 

When you sell the vehicle you will need to enter all of the depreciation information into TurboTax and pay tax on any of the depreciation that you recapture in that sale. 

 

@Green H 

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