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Any recapture of standard mileage deduction for personal car used less than 20% for a business now closed?
I occasionally (less than 20%) used my personal vehicle (purchased in 2005) for my very small business and only ever took the standard mileage deduction. I closed my business at the end of 2019 so the car will now be for personal use only. I am using TurboTax Deluxe. On the Vehicle Summary section, I reported when I stopped using the vehicle for business and indicated it was converted to nonbusiness use. I was then directed to go to "Sale of Business Property" to enter recapture information, but when I answered "No" to the question "Did business usage...of property fall to 50% of less for the first time in 2019", the screen returned to the "Your 2019 Income Summary" page. Am I correct in assuming that nothing more needs to be done with regards to this vehicle or am I missing something here?