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Investors & landlords
Don't forget that depreciation is determined based on the quarter it was placed in service.
While the MACRS tables also support the $317 regardless of the quarter the item was placed in service, TT may be using an actual mathematical equation to arrive at the figure, hence the $5 difference.
You would think the two would agree, but don't know how each figure was determined; two separate calculations? We will never know.
I wouldn't get too excited over the $5 differential, however, your response to @AmeliesUncle may have some bearing.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎January 19, 2024
3:12 PM
894 Views