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Returning Member
posted Oct 15, 2022 1:51:43 PM

If I drive for Lyft, then stop for two years, then plan to start again - do I have to do "property recapture" for the years I stopped?

I stopped driving for Lyft for two years and plan to start again. I am filing my 2020 taxes, which is the year I stopped driving Lyft. I stopped February that year. Do I have to do "property recapture" for that year if I plan on starting Lyft again in  2022?

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1 Replies
Level 15
Oct 16, 2022 6:32:55 AM

Did you convert to personal use or dispose of the property?