@Carl wrote:
@Anonymous_ please check my math on this......
I have no idea what this CPA did, but it is way wrong and, although your math appears to be correct, I am just not sure how to proceed with the current year (and future years) deduction.
It appears, however, that the CPA just started deducting a flat $500/year (based on the $5,000 left over after the $5,000 bonus deduction) so I suppose I would go with that figure (i.e., $500/year until the basis is recovered). This is rather messy but correcting it now would probably result in a bigger mess and the dollar value is not sufficiently high to warrant going through the trouble of rectifying the mistake.
