M-MTax
Level 12

Get your taxes done using TurboTax


@Mike9241 wrote:

since 2024 is the final year for a 5- year asset placed into service in 2019, i would only make sure that the current depreciation + all prior depreciation was equal to the cost. 


Yeah, I agree. The first few years are water under the bridge at this point (2024 is the last). Thus, @Mike9241 has a good approach; just make sure the asset is fully depreciated as of last year (i.e., total depreciation equal to the cost of the asset).