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Business & farm
That's a GREAT and CLEAR explanation @KrisD15 ! So, in this case, should depreciation in the income statement be keep the theoretical value, i.e. 31,760 in 2023 and 7940 in 2024, then let turbo tax handle the maximum allowed value? Or I need to adjust the depreciation on my book to match the IRS limit?
March 23, 2025
5:12 AM