PatriciaV
Expert Alumni

Business & farm

If you no longer use the vehicle and plan not to use it again, you may report that you stopped using for business use.

 

  1. Open your return and navigate to the Self-Employment section and continue to the list of businesses in your return.
  2. Click Edit beside your business. 
  3. Follow the prompts until you reach the Business Summary page. 
  4. Scroll down to Business Vehicle Expense (or Cars, Trucks, and other vehicles) and click "Start/Update". 
  5. Continue to the Vehicle Summary page. 
  6. Click Edit beside the vehicle you need to change. 
  7. Check the box at the bottom to indicate you stopped using it for business and enter the date.
  8. Continue through the interview to enter your mileage and expenses, if any.
  9. Continue to the page "Sales Price."
  10. Since you converted your vehicle to personal use, leave both the sales price and expense of sale fields blank (see the blue link "how to determine sales price).
  11. Continue through the interview to the end.
  12. Be sure to read each page of the interview and heck the blue "Learn More" links for additional help.

@slb5 

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