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Section 179 bonus depreciation for SUV
I purchased a large used SUV and took the full depreciation amount of $30,000 in 2022 using the special depreciation allowance. When I am doing my 2023 taxes, TT is calculating a depreciation for 2023 on this SUV. This doesn't seem right. Can I still get depreciation in future tax years after taking the specials depreciation in 2022 using the Section 179 bonus depreciation?
‎February 3, 2024
10:30 AM