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Get your taxes done using TurboTax
Apparently one of your answers regarding this vehicle is disallowing the entry for Special Depreciation. As long as you report the total depreciation that has been taken (regular plus special), your return will be accurate. Other than being an "accelerated" depreciation method, there's no difference between regular and special depreciation for the remaining life of the asset or when it is sold.
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March 28, 2022
8:47 AM