Thank you, the math is making sense now. I figured it's best to ensure my 2022 reflects the SDA since they did say it's mandatory and I didn't elect out. I've decided to amend my 2022 return and have gotten the ball rolling on those forms. So now I'm completing 2023 in TurboTax to reflect what my amended 2022 shows.
I found the place on Form View, Car & Truck Wks, Part VI, 36a (i) to enter prior year SDA taken, so I put in $12,764. It calculates a Depreciation deduction of $3950 for 2023.
$3950 represents the remaining depreciable basis of $12,345 * 0.32. I get it-- this is technically year 2, not year 1. So what happens to the 20% depreciation that I couldn't claim on my 2022, since I had already hit the maximum of $12,764 with SDA alone? Does that 20% carry over to this year or do I claim it at another time?
