@M-MTax wrote:
@AmeliesUncle
The wrong date (or time period) was used for 2024 depreciation. @_John__ stated that $7,487 was the depreciation deduction for 2024 for an asset that was placed in service in August. The correct figure should be $9626 and that will affect deductions going forward.
Even if it was placed in service in August (although he said 3.5 months, which could mean it was placed in service in September), the less-than $2200 difference in the first year shouldn't account for the $1000-ish difference in depreciation for the following year.
I agree with you that an incorrect "prior depreciation" would incorrectly alter the current and future year depreciation, but the specific numbers in this case still would not make sense. While your comment could be a factor, I think there is more to it than only that.
