I have tried this over and over again - both with and without the 179 deduction from prior years and I cannot make it work. The asset was removed from service in 2022 (not sold) if that makes a difference; seems like that would result in one-half year depreciation in 2022. Anyway, if I'm thinking about this correctly it seems as if the final remaining basis as the end of 2022 should be the depreciated basis, as calculated initially ( as though this was an ordinary year with no recapture), PLUS the recapture amount, LESS the additional depreciation of the increased basis due to recapture being added to basis.
I think I know what the answer should be, but I cannot the TT system to give me that answer.
Any thoughts or suggestions would be appreciated.
