Irene2805
Expert Alumni

Deductions & credits

Yes - Leave the "prior depreciation" entry for your truck at zero.   From the Depreciation and Amortization Report you submitted it looks as if you took special depreciation of $5,017 for your tools and equipment, and nothing for your truck.

 

You can only take 179 depreciation in the first year you use an asset, so you would have to amend your 2019 if you wanted to take advantage of that deduction.

 

 

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