@9nNancy wrote:
So you are saying to keep it like it is for this year...and for example, if in 2024 my business use would drop to like 40%, it would "catch up" or recapture the fact that my business use went down? And then after 5 years, it all evens out to what it should be for total business use over the whole 5 year span?
It would not 'recapture' (pay back) any, but the depreciation would seem oddly low.
If you have the CD/downloaded version, there is an option to avoid that method of depreciation (but you can only start it on the first or second year of depreciation; you can't switch afterwards). You would go to the "Forms" (upper right of the program) and find the Asset Entry Worksheet (left side) for that piece of equipment. Then scroll WAY down to the bottom and check the box to use the "IRS Tables".
