Will30747
Level 2
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Thanks that makes perfect sense, I thought I said I wanted to use "Cash"; where can I see and change to verify this is correct and if needed make a change?
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Thanks I got it; first year is a fork in the road with no going back!With that put to bed if I still prefer to not pay back depreciation in future years. Is it ...
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ThanksI thought if I used Actual Expense Method via Straight Line Depreciation starting with the first year I had the option to switch to the Standard Expense M...
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ThanksOne follow-up questionIs it an option to complete a straight line depreciation form/worksheet and include the deduction amount in Turbo Tax under Schedule...
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Thank you that is the piece I did not understand. If I take the Standard Mileage Rate I don't get to deduct the entire vehicle cost or the (% of business use of...
Activity Feed for Will30747
- Posted Re: Is taxable income from Sole Proprietorship Business the amount billed or the amount received during the tax year. on Business & farm. January 10, 2022 10:37 AM
- Posted Is taxable income from Sole Proprietorship Business the amount billed or the amount received during the tax year. on Business & farm. January 10, 2022 9:11 AM
- Posted Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter on Business & farm. January 4, 2021 5:38 AM
- Cheered Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter for AmeliesUncle. January 4, 2021 5:32 AM
- Posted Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter on Business & farm. December 31, 2020 11:23 AM
- Cheered Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter for AmeliesUncle. December 31, 2020 11:18 AM
- Posted Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter on Business & farm. December 30, 2020 1:52 PM
- Cheered Re: New Vehicle for Farm Use 60% Business Use first year then 30% thereafter for M-MTax. December 30, 2020 1:48 PM
- Posted New Vehicle for Farm Use 60% Business Use first year then 30% thereafter on Business & farm. December 17, 2020 3:53 PM
- Posted Re: I purchased a new truck, and I usually put all Farm expenses on Schedule F, but I don't see where to do the depreciation. on Business & farm. November 23, 2020 6:10 AM
- Posted I purchased a new truck, and I usually put all Farm expenses on Schedule F, but I don't see where to do the depreciation. on Business & farm. November 18, 2020 7:07 PM