RobertG
Expert Alumni

Business & farm

You should not have any deprecation recapture on a donation because recapture is limited to the gain on the disposition of property, and you have no gain.

 

If the vehicle is shown on a business schedule, like a Schedule C or Schedule E, indicate that you converted the property to non business use. 

 

If you are prompted for a disposal date, enter the date you made the gift, with no sales price or expense of sale.  

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