I have a company that bought a Tesla Model Y in November, 2023. In TurboTax Business 2023 I took the special depreciation of $20,200 with the rest to be depreciated over 5 years. Under the Asset Entry Worksheet there is a button to Quick Zoon to the Asset Life History. The 5 year depreciation schedule there looks correct.
After importing the company's 2023 TT file into TT Business 2024, the Asset Life History has changed to a very different looking depreciation schedule stretched out over 8 years. The asset's details and depreciation method look exactly the same in 2023 and 2024. It still says it's a 5 year depreciation in both 2023 and 2024. I have talked to TT Business support and they don't have an answer as to why this is happening.
Just wondering if anyone else has seen this problem. And is there a solution.
Thanks
