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March 16, 2025
Question

How do I remove this Schedule E vehicle form? I gave it away for free. It was used as a flower pot

  • March 16, 2025
  • 1 reply
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The truck was given away. Frame broke a few years after purchase, so not used

    1 reply

    March 16, 2025

    In order to dispose of this vehicle from your business that you gave away, you can indicate it was sold or disposed in 2024 for $0. You will still have the vehicle information this year as the last year.

     

    1. Navigate to Federal > Wages & Income > Rental Properties and Royalties (Sch E)
    2. Edit the rental using the pencil icon
    3. Navigate to Expenses/Assets, Vehicle
    4. On the screen Let's get some info about this vehicle, check the box I stopped using this vehicle in 2024.
    5. Continue through the interview, and answer that the sales price was $0.