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Deductions & credits
> "'Use the Tables'"
OK great, this seems to work - this gives me a 2024 depreciation of "initial cost basis" / 27.5 instead of (remaining value / remaining life), so this should work (assuming it's the right thing to do!).
AmeliesUncle (or anyone else on this thread), do you know what the correct method (per Tax code, never mind Turbotax's implementation) is:
From year 11 onwards, is it:
1) (remaining value / remaining life) $22.5k / 17.5 years = $1.28k OR
2) (initial cost basis / total life) $27.5k / 27.5 years =$1k ?
‎October 4, 2025
5:59 PM