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Amortization of Section 167(h) asset
IRS instructions for line 42 of Form 4562 describe a calculation that would result in $2,500 in 2021 amortization for a Section 167(h) asset purchased for $10,000 in 2021. What steps should I take so that Turbo Tax will make the correct calculation?
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May 15, 2022
7:56 AM