- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
You also need to verify the asset was placed in service in 2022. If it was placed in service in a prior tax year and you used the wrong MACRS classification, you can't just arbitrarily change it in a later year. Doing so will mess up the depreciation history, as well as future depreciation.
March 9, 2023
8:53 AM