Stop Using Vehicle for buiness

Forum|Forum|3 years ago
April 9, 2023
1 reply
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I started using 1 of my vehicles for business 8/5/2012. I always used the standard mileage deduction. I used Turbo Tax all of these years. I stopped using it for business on 4/30/2022. This info was correctly entered into Turbo Tax along with the 549 miles I used for business between the first of the year and 4/30/2022. Turbo Tax gives me a $321 credit, but when I run the checker, it says I can not claim anything since I stopped using it before 7/1/2022. Further, I have looked and looked for something regarding disposition of the vehicle (converted to non-business only). Even though I clearly state I stopped using the vehicle for business, nothing is provided by TurboTax

TurboTax Home & Biz Windows

AliciaP1

Once TurboTax tells you what the deduction will be, the next screen is Do any of these apply to the XXX? and the first option is You started using it as a personal vehicle 100% of the time at any point in 2022. It then asks if you converted the vehicle to non-business use and when you answer Yes, the correct deduction is reported.

You need to review your vehicle expenses and proceed all the way through the interview to the above screens.

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