Solved: Special Depreciation Allowance

If I take the special depreciation allowance and it doesn't take all of it to zero my taxes does the remainder carry over to next year?

posted

If your total losses for 2021 exceed your special depreciation allowance of $25,000, then the balance should be carried forward to the next tax year (2022).

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If your total losses for 2021 exceed your special depreciation allowance of $25,000, then the balance should be carried forward to the next tax year (2022).