as744
Level 1
Member profile
- Replies
- Posts
-
Yes the safe harbor ended in 2022. It’s what allows you to depreciate year 2 - 5. Without it, if you use bonus depreciation year 1 you COULD NOT depreciate the ...
-
Can you please explain to me what depreciation would look like for year 1-5 for a Tesla model 3 purchased in cash in 2023 for 100% business?The initial cost is ...
-
Yes but I’m confused because how can we still apply MACRS.The safe harbor method was introduced to allow you to take bonus + depreciate the 4 years after. Pleas...
-
@NCpersonI dont think your answer is correct for 1099. Check the IRS document in the answer that came after yours
-
What if I live with my parents and work in my home. then I drive to another work location. then from the work location back to my home which I work at?
Activity Feed for as744
- Cheered The safe harbor method of auto depreciation using section 168(k) has expired. How can I depreciate my car in 2023? for marwanio. September 4, 2023 11:45 PM
- Posted Re: Vehicle purchased in 2023 deductions on Deductions & credits. September 4, 2023 4:49 PM
- Posted Vehicle purchased in 2023 deductions on Deductions & credits. September 4, 2023 3:50 PM
- Posted Re: How to depreciate a vehicle in 2023 used for 100% business using bonus depreciation on Get your taxes done using TurboTax. September 4, 2023 1:41 AM
- Posted Re: How to depreciate a vehicle in 2023 used for 100% business using bonus depreciation on Get your taxes done using TurboTax. September 4, 2023 12:46 AM
- Posted Re: Driving from home to work and from work to home (whicheve... on Deductions & credits. September 3, 2023 7:45 PM
- Posted Re: Driving from home to work and from work to home (whicheve... on Deductions & credits. September 3, 2023 6:58 PM
- Posted Re: Safe harbor method for bonus depreciation on vehicles on Get your taxes done using TurboTax. September 3, 2023 5:27 PM
- Posted Re: Safe harbor method for bonus depreciation on vehicles on Get your taxes done using TurboTax. September 3, 2023 5:25 PM
- Posted Re: Safe harbor method for bonus depreciation on vehicles on Get your taxes done using TurboTax. September 3, 2023 5:09 PM
- Posted Safe harbor method for bonus depreciation on vehicles on Get your taxes done using TurboTax. September 3, 2023 1:24 PM
- Posted Re: Vehicle Purchase on Get your taxes done using TurboTax. September 3, 2023 8:31 AM
- Posted Re: How to depreciate a vehicle in 2023 used for 100% business using bonus depreciation on Get your taxes done using TurboTax. September 3, 2023 8:29 AM
- Posted Re: Can I claim the EV tax credit and section 179 (or bonus depreciation) on the same vehicle in the same year? on Deductions & credits. September 3, 2023 1:39 AM
- Posted Re: Vehicle Purchase on Get your taxes done using TurboTax. September 3, 2023 1:33 AM
- Posted Re: Vehicle Purchase on Get your taxes done using TurboTax. September 2, 2023 11:22 PM
- Posted Re: How to depreciate an asset after taking 80% bonus depreciation? on Get your taxes done using TurboTax. September 2, 2023 11:06 PM
- Posted Re: How to depreciate an asset after taking 80% bonus depreciation? on Get your taxes done using TurboTax. September 2, 2023 10:16 PM
- Posted How to depreciate a vehicle in 2023 used for 100% business using bonus depreciation on Get your taxes done using TurboTax. September 2, 2023 9:50 PM
- Posted Re: How to depreciate an asset after taking 80% bonus depreciation? on Get your taxes done using TurboTax. September 2, 2023 9:45 PM