Business & farm

The question is whether this vehicle was converted to personal use after it was removed from the business activity since it was not traded for the new vehicle purchased in 2014.  

If we assume the vehicle purchased in 2011 was converted to personal use, then there is no loss allowed on the vehicle, if applicable, however the business versus personal miles for the life of the vehicle will determine the percentage of the cost that was actually business and the depreciation that was actually used as a business expense could become taxable income to the extent of gain when using this formula.

To record the sale of a business asset that is no longer listed on your depreciation can be entered as follows.

1. Sign into your TurboTax account:
   1. Select that you disposed of the asset and if asked about a sales price enter zero. 
   1. To sell half of the building: Other Business Situations > Sale of Business Property >Start or Revisit > Enter your sale
   2. See the images below for assistance.

Please update the issue if you need further clarification.