Thank you again,
I appreciate the help.
Hopefully, this will be last message.
So this year, file schedule C again, do i take the second year info and plug that in the schedule C and not do a carry over? Or do i put the original cost and depreciation of the second year in there.
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%
Does the second year get carried over or this plugs into schedule C?
Year 2 Depreciation: 9,303.75
