rysing
Returning Member

Deductions & credits

Thank you @PatriciaV,

My Depr and Sect 179 was limited last year, and my basis was lowered by the total Sect 179 claimed.  Why would that eliminate the current year depreciation, subject again to the luxury car limit of 18,000?  The Asset Life History calculated last year did not have any amount through 2027 and then had deductions in 2028 through 2030.

@rysing