I fully agree with your calculations. However, using CD Version of Turbo Tax (Business & Home) , I get business/ investment use percentage of 4.04% in form 4562 on line 27(c) and depreciation of 4,655 in row 27 (e) with recovery period of 5 years on SL-HY. However, depreciation deduction comes at 466 (which is 10%) of depreciation. Matter to be noted is that vehicle was purchased in Aug 2022 and vehicle ran for total 5103 out of which business use was 495Miles.On Car and Truck Expense Worksheet on 10a, against have record of personal mileage for full year, I mentioned NO and in 10b, agonist months for special allocation, I mentioned 5. So it makes sense that 9.7%is divided by 12 and multiplied by 5 to arrive at 4.04%. Is this right? Is mentioning NO on 10a and 5 in 10b right, as vehicle was put to use in Aug, 2022.
However, question remains how on form 4562, on row 27e, software is computing 4,655 (basis for depreciation). Should it not be 11200 and then in row 27h, it should be showing depreciation deduction of 453 (11,200#4.04%).
I request for your comments on these two matters.
Thanks in advance.
