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Business & farm
Thanks for your prompt answer. When I started working this year's taxes TurboTax offered the accelerated depreciation but afterwards this disappeared.
Can I include the new Tesla Y under Business Assets Summary under the tools and machinery description, and take the 80% special depreciation allowance? I've studied this rule and don't see any reason not to. I also used it previous years when I had an aircraft I used for my business.
‎February 12, 2024
10:27 AM