Thank you.
I had a follow up
So we had a tax place do it for us last year as the forms were not in for a while on turbo tax and we needed to get it done. I am not sure how they did it but i know they did not use turbo tax.
If this is the case, no need to file Schedule C this year and i have the form that shows me each year how much Credit I get to use. Is the below the carry over I would claim, no need for another section C?
For you additional information, this is how depreciation will be deducted for tax purposes:
20% in the first year
32% in year two
19.2% in year three
11% in year four
11% in year five
and the final portion in year six, 5%
