@ForbidInjustice wrote:
$3950 represents the remaining depreciable basis of $12,345 * 0.32.
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?
Most likely your business percentage in 2023 is different than it was in 2022, so your depreciable Basis should be different.
The 20% will eventually be used, but possibly not until after the 'usual' depreciation period of 5-6 years. The odd quirk in the law would push it to year 7, but the IRS work-around thingy may be able to use it earlier (offhand, I don't remember the specifics of the work-round thingy without looking it up, but the software should hopefully calculate it correctly).
