@wujz2004 wrote:
The original purchase price is 49,421.
According to your formula, only 20% of 29,221 = 5844
While on Form 4562, the depreciation is 3163. How did TurboTax get that number? I
No, it is 20% of the original cost ($49,421), which is $9884.
32% of $9884 is $3163.
