RobertB4444
Expert Alumni

Investors & landlords

Changing the depreciation convention would certainly explain a $20 difference in depreciation.

 

You can't expense an item you are already depreciating.  In order to expense this item you would need to go back to your 2023 return and amend it to expense the item instead of depreciating before you file your 2024 return.

 

When you sell the product it will contain all of the items that you have depreciated.  Depreciation recapture may be necessary on any items included in that sale.

 

@mother2002chang 

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