Converting your assets to Personal Use just removes them from your business so you can close down your schedule C or F business. You do not pay depreciation recapture on a depreciated asset until it's sold. When reporting how you are disposing of your asset, TurboTax will calculate any early sec 179 recapture, if any is owed. So keep good records for when/if you do sell them.
From TurboTax;
Converting Assets to Personal Use
When you convert an asset to personal use, there is no gain to report. However, you must report any section 179 recapture this year.
A section 179 deduction is subject to recapture if you converted the asset to personal use before the end of its depreciable life. Learn More
If you sell the asset in the future, you must still report it as the sale of a business asset even though you are now using it for personal purposes. Therefore, you must keep all records of your business use of the asset, and of the amount of depreciation claimed.
If during the time you used the asset for business your percentage of business use was less than 100%, you will have two sales to report. You must report the sale of the business portion of the asset and the sale of the personal portion of the asset separately.
