There's no third vehicle on the 4562, only the two. Haven't located all of my records, as many of them were in the drive that got corrupted w/ the TT22 file, but I do see where I noted my gas expenses. I guess there would be no reason to do that unless I'd been tallying them for the purposes of the Actual expenses method. Yes, I also find it a weird coincidence that my Actual expenses totaled to within $2 of what the Standard would have been, but given that I took a Section 179, it's the safest assumption at this point. I don't see why TT would have allowed me to take a Section 179 and do Standard for that vehicle. If it did, I'd think the IRS would have just rejected the return as it'd be a pretty obvious error.
The total vehicle cost was $37,770. The business portion was 66.48%, total of $12,764. That results in Form 4562, Part V, Section A, (e) Basis for depreciation showing $12,345
So what has caused depreciation for this year to still be 0? Simply because I did not take the bonus depreciation that I should have?
Is it best to just fill out a 1040X on my own if I choose to amend? This 2023 return (extension) is due in 6 weeks so I don't have time to wait on them to process it before I submit the 2023. I guess the only other option would just be to not depreciate over the next 5 years. I mean, the basis is only $12,345 anyway so it's not like it's a ton of money split over 5 years. I'm willing to accept that loss to make this process less complicated. I just don't want the IRS on my case because I didn't elect for bonus SDA nor submit a statement electing out of it.
