@Mike9241wrote:this might work cut the cost in half and continue to use the original in-service date, etc but 100% business use for 2024. if needed change prior...
>The unclear part about the mathematical method (the first option you asked about) is how/where the percentage is applied.Exactly.>You've got me curious now; it...
> "'Use the Tables'"OK great, this seems to work - this gives me a 2024 depreciation of "initial cost basis" / 27.5 instead of(remaining value / remaining life)...
> Say I have a condo with cost basis of $27.5k, if I depreciate it over the regular period of 27.5 years, it's $1k a year. Now let's say for the first 10 years ...
Some years we rented the whole place for part of the year. Yes, Turbotax has a form to separate business days and personal days and correctly calculates the dep...
