Purchased a vehicle in Dec 2017 and claimed 179 depreciation on 2017 taxes.  Business use has always exceeded 50%.  The business has suffered due to Covid and business use will likely not stay above 50% for much longer.  Does the recapture period end at the end of 2021 (5 tax years- 2017-2021) or not until December of 2022-60 months)?   ... View more

My husband owns a business (online sales) which purchased a vehicle in 2017 and depreciated it under section 179.  Due to Covid, the business has contracted and I am going to working for another business as a contract employee.  I will be driving that vehicle to the office.  I am concerned about having business use go below 50% and having to recapture depreciation.  Any ideas to get around this?  Does the business use need to be by the original business that purchased the vehicle or can it be by my business?   I have no ownership interest in his business.  Should I have the company that I will be working for pay my husband's business and then I would be paid by my husband's business and the vehicle usage would still be business use?   I would be working as a legal assistant type position.  Could I pay his business for the use of the vehicle for driving to the office?  Just trying to figure some workaround so we do not have to recapture depreciation ... View more

Home office is 33% of home.  Purchased new A/C this year ($16,000), new water heater ($2,400) and new garage door ($1,500) for the house.  Where do I enter these expenses in turbotax? ... View more

Not certain if 5 years is 5 tax years or 5 actual years (60 months) and want to avoid recapturing depreciation.  Please cite source if possible ... View more

Would love link to where answer came from, for my records. ... View more