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- How do I report the conversion of a vehicle that was used for a Schedule C business to a personal use vehicle? Where do I report "converted for personal use? (Lacerte)
How do I report the conversion of a vehicle that was used for a Schedule C business to a personal use vehicle? Where do I report "converted for personal use? (Lacerte)
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JayTemple
Level 1
1 Comment 1
sjrcpa
Level 15
yesterday
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Enter a disposition date and do not enter anything in sales price.
If it was >50% business use, see if you have to recapture depreciation/Section 179.
I don't think there is a "converted to personal use" box.
The more I know the more I don’t know.
