- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Entering restorations in TT
My truck required a major repair which I believe qualifies as a restoration under the BRA test. How do I enter this into TT. If I create a new asset I'm not sure if I enter the in-service date for the vehicle being repaired (which was in 2015), or enter the date of the restoration as the " in service date". It gives some wacky results if I use the date the vehicle went into service. I'd like to write off the restoration cost under 179. The vehicle is fully depreciated and is NOT a "listed asset".
Topics:
March 25, 2023
3:41 PM