scott8
New Member

Aircraft depreciation

I have a Hot Air Balloon I purchased in 2022 for business and personal use.  50/50.  It was purchased in my LLC.   When entering it into the TurboTax Home and Business, what asset class, and depreciation method would be entered?  Also, purchased at the same time was a trailer and other equipment.  What asset class and depreciation method would be entered for this equipment?

 

Thank you