I started depreciating an asset last year on my business. My use of the asset for my business has not been what I expected. I am no longer making money to support the depreciation being taken. I am using it for mostly personal use now. My income for this business for 2023 was $220. Can I stop the depreciation or how do I handle this? My depreciation amount for 2022 was $92.
Yeah, just tell the program you converted it to personal use and the date you did that.
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