topic Do I need to mark a vehicle as sold/disposed if I stopped my self-employed business in July 2021 and stopped using the vehicle for business at that time? I still own it in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/do-i-need-to-mark-a-vehicle-as-sold-disposed-if-i-stopped-my-self-employed-business-in-july-2021-and/01/2468532#M81367 I do still own the vehicle and use it solely for personal use. Fri, 11 Feb 2022 14:36:13 GMT mkmomma1 2022-02-11T14:36:13Z Do I need to mark a vehicle as sold/disposed if I stopped my self-employed business in July 2021 and stopped using the vehicle for business at that time? I still own it https://ttlc.intuit.com/community/business-taxes/discussion/do-i-need-to-mark-a-vehicle-as-sold-disposed-if-i-stopped-my-self-employed-business-in-july-2021-and/01/2468532#M81367 I do still own the vehicle and use it solely for personal use. Fri, 11 Feb 2022 14:36:13 GMT https://ttlc.intuit.com/community/business-taxes/discussion/do-i-need-to-mark-a-vehicle-as-sold-disposed-if-i-stopped-my-self-employed-business-in-july-2021-and/01/2468532#M81367 mkmomma1 2022-02-11T14:36:13Z Re: Do I need to mark a vehicle as sold/disposed if I stopped my self-employed business in July 2... https://ttlc.intuit.com/community/business-taxes/discussion/re-do-i-need-to-mark-a-vehicle-as-sold-disposed-if-i-stopped-my-self-employed-business-in-july-2/01/2468696#M81377 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">You need to check the box "<EM>I stopped using this vehicle in 2021."</EM></SPAN></SPAN></P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">To do this in TurboTax,</SPAN></SPAN></P> <UL> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">From the left menu, select<STRONG> Federal</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Go to<STRONG> Income &amp; Expenses</STRONG></SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Select <STRONG>Self-Employment Income &amp; Expense</STRONG> click Revisit</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Pick your business and click Review</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Scroll down to the expenses to Vehicle and click Edit</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">On the Vehicle Summary, next to the vehicle, click Edit</SPAN></SPAN></LI> <LI><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Check the box for&nbsp;<STRONG>I stopped using this vehicle in 2021</STRONG></SPAN></SPAN></LI> </UL> Fri, 11 Feb 2022 15:27:51 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-do-i-need-to-mark-a-vehicle-as-sold-disposed-if-i-stopped-my-self-employed-business-in-july-2/01/2468696#M81377 MayaD 2022-02-11T15:27:51Z