I placed a 50,000 auto in service in 2022. Approximately 75% business use = business basis of 40K. 5 year life. 200DB/HY 2022 Section 179 was 14,000 Depreciable basis of 24K
No depreciation in 2022
No Depreciation in 2023
The 2023 Asset life history shows no depreciation in 2022 - 2027 with depreciation of 5K starting in 2028 and 2029. Only 10K in total. AMT Depreciation is 5K per year starting in 2028 through 2032 totaling the basis of 24K.
What was done wrong?
Thanks
