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Business & farm
@ColeenD3 I converted in 2021 yes. The only form I filed out was 4562 under listed property on 2020 tax return.
I stopped using it as a work vehicle in 2021.
Also the TurboTax form is telling me to recalculate the recapture. The only depreciation reduction I have is $4,190 with a recovery period of 5.00.
Would the recapture be $3,352 for the remaining 4 years?
I apologize for the multiple posts.
‎February 28, 2022
5:56 AM