@pointtx wrote:
Do I need to "sell" it to myself?
You do not need to sell the assets to yourself if you have been operating as a sole proprietor (i.e., filing a Schedule C each year) upon conversion to personal use.
If you are using TurboTax, you do need to indicate the date the assets were converted to personal use in the program to stop depreciation.
In the unlikely event you had opted for a section 179 deduction in the past, you will have a recapture event.
See https://ttlc.intuit.com/community/business-expenses/help/what-is-a-section-179-recapture/01/26867/hi...
