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Deductions & credits
Thank you. I did not elect out of bonus depreciation, to the best of my knowledge. My remaining basis for depreciation in the vehicle is $49,771. Original cost basis was $69,971, with $20,000 depreciation taken in the first year.
So the program is correct? I thought my remaining depreciation schedule in year 2 would allow me to deduct up to $19,500?
‎January 17, 2025
2:43 PM