Business & farm


@MarilynG1 wrote:

 

Indicate in TurboTax that you 'stopped using the vehicle for business'.  You can use a Sales Price of $0. 

 


 

Absolutely DON'T enter a sales price of $0.   Say you converted it to personal use.

If/when you sell it, you would report the sale in the "Sale of Business Property" section, using your MANUALLY calculated numbers.  TurboTax is NOT set up reporting assets/vehicles that varied in business percentage, so you either need to manually do some calculations or go to a tax professional.