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Deductions & credits
@stewy In the Assets section, don't choose 'Residential Property', but instead 'Tools, Machinery, etc.' then 'Trailers and trailer-mounted containers' which defaults to a 5-year depreciation.
If 2019 was the first year you used it for business, you probably would have qualified for the Special Depreciation Allowance of your total Cost Basis in the RV.
Click this link for more info on Business Assets.
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March 16, 2021
5:32 PM
10,879 Views