I've tried posting this before and it seems to keep disappearing...
Thanks for explaining how they arrived at 12,740 for ty 2021.
If I land at 70% of 19.200 = 13,440, will I get an amount in year 2 that would account for the rest of 70% of that original purchase price of 30807?
Ex... 2nd year limit on chart you shared is 18,000...But since car wasn't expensive enough... would it possibly calculate out at approx 8124?
I arrived at this looking at 70% of 30800 = 21,564...
8124 is the rest of 70% not written off in year one or is year one it for me? Or do they divide that out over 5 years.
I don't know of course if 70% will be the same every year but I assume they'll calculate based on actual miles for biz vs personal for each year and I have to remain above 50% which won't be a problem.
Thanks so much for the help understanding this.
And do you have a resource I can check for how much GA lets me count? One test on the software showed me the limit of 7140 but another time on another test of a different car price, it told me GA is limited without telling me how much I should enter to include. I'm not sure why it acted differently between the two tests. I'd rather TT calculate what's allowable.
