@markorec wrote:
Why is second year with bonus taken in first year only $2,790?
I'm testing out the program, and I think I have confirmed that the program is giving too HIGH of a deduction.
As I mentioned in my first comment, you purchased a vehicle for $54,500. The 80% Bonus depreciation is $43,600. But the program is ignoring the 'regular' depreciation that should have been taken the first year. It is using $10,900 (rather than $8720). It is taking $10,900, using the year two percentage of 32%, resulting in $3488. Then taking $3488 multiplied by your 80% business use to get $2790.
