I did enter mileage for both years and business use was 80% for both.
When I say $13,952 for second year (2024) that is based on 40% of the remaining basis of $34,880. First year basis (2023) is 20% of the $54,500= $43,600 x 80% = $8,720. Subtracting $8,720 from $43,600 leaves $34,880.
So that scenario I believe is correct.
Its when I take bonus depreciation the first year (2023) of $16,160 (80% of the max bonus of $20,200) that the second year (2024) is calculating wrong. The forms say my basis is correct at $43,600-$16,160= $27,440. But the depreciation for that basis is showing $2,790. I think it should be 40% of $27,440= $10,976 correct?
