Question
Conversion of Sec 179 depreciated vehicle from business to personal use
Client's spouse owned a business in 2023. Spouse used a vehicle 100% in business since 2021. Vehicle fully depreciated under Sec. 179. In 2023, spouse suddenly dies in Sept. Surviving spouse wants to keep the vehicle.
4797 doesn't seem to fit. Do I need to recapture depreciation in 2023 based on the conversion to personal use? If so, what form(s) do I use to do this.
