Entering restorations in TT

[toddrub46]

My truck required a major repair which I believe qualifies as a restoration under the BRA test. How do I enter this into TT. If I create a new asset I'm not sure if I enter the in-service date for the vehicle being repaired (which was in 2015), or enter the date of the restoration as the " in service date". It gives some wacky results if I use the date the vehicle went into service. I'd like to write off the restoration cost under 179. The vehicle is fully depreciated and is NOT a "listed asset". 

[ErnieS0]

The restoration costs would be a new asset under the "betterment, a restoration, or an adaptation" test. Therefore, the in-service date would be the date when the restoration was complete.

Generally, a property is considered placed in service when it is ready and available for a specific use, regardless of whether or not it is actually used at the time.

See Depreciation Reminders

[toddrub46 · Accepted solution]

Thanks for the quick response, I'll do that.