Vehicle when selling rental
Sold my rental house in august….I take the standard vehicle expense for the 3% or so that I use my truck for rental activities….I have not ever depreciated it…TT asks if I stopped using it in 2022…I did but just because I sold the rental not because I sold the truck or took it out of an ongoing rental…..should I check that box and go down the road of converting it to personal use etc? If I don’t do that will it be lingering on my next years return? On my depreciation and amortization report it show up, no depreciation but I feel it needs to be cleared out like the other assets which now say sold, while the truck has a L for listed