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March 30, 2025
Question

how do I remove a vehicle i no longer own from my schedule E

  • March 30, 2025
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How do I remove a vehicle I no longer own from my Schedule E?

    1 reply

    March 30, 2025

    In order to remove the vehicle from your Schedule E, indicate that you stopped using it.

     

    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 what the sales price was. Use $0 if scrapped or given away, or the sales price if sold.