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Get your taxes done using TurboTax
Thanks for all the responses. I agree with @Mike9241 that it doesn't matter much in my case as this is the last year.
But I was just wondering how TurboTax uses the convention, and I think that there's a problem. I was playing around with TurboTax using different scenarios.
If I placed the same asset in service in 11/15/2019 or 11/15/2020 or 11/15/2021 or 11/15/2022 or 11/15/2023, TurboTax consistently defaults to 200DB/HY
However, if I place the same asset in service in 11/15/2024, TurboTax uses 200DB/MQ.
Why is this the case?
May 2, 2025
3:18 PM