stop using vehicle in 2025

[rundongzheng]

My wife and I both use this car for Uber delivery for many years.  But I sold my car on January 2025. So when I report the tax,  I have to choose I stop using the vehicle. The question is , does my wife also need to choose "I stop using the vehicle"? Because If she also choose the same thing, she also have to enter the sale price of the car and vehicle cost and prior depreciation equivalent, which takes a lot time to calculate.

[Vanessa A · Accepted solution]

Yes.  If you both used it and took a deduction for it, you would both need to enter it as you stopped using it.  Even though you may be filing a joint return and are using the same vehicle, it is still treated as two separate businesses with separate use of the asset.  

However, you stated that it is "my car" if you both used it but only you owned it, then she would not need to enter the sale of the vehicle on her return.  She would just need to mark that she stopped using it. If the vehicle was in both of your names, then she would need to allocate her portion of the sale of the vehicle on her Schedule C.