irvinelook
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Thank you! That solves the problem! Using section 179 I got about half of the $18k deduction first year. Whereas using the bonus depreciation, I got all the bu...
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Hi@Mike9241,@AmeliesUncleThe vehicle is a car under 6000 lb, and costs over $50k. It was put into service for business on the first day of purchase. I am tryin...
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I have the exact same question/issue as the OP, can someone confirm the screenshot is the correct behavior?Thanks
Activity Feed for irvinelook
- Cheered Re: Why Asset Life History depreciate a 5-year life car over 10 years? for AmeliesUncle. October 10, 2023 10:41 AM
- Got Cheered for Re: Why Asset Life History depreciate a 5-year life car over 10 years?. October 10, 2023 10:40 AM
- Posted Re: Why Asset Life History depreciate a 5-year life car over 10 years? on Deductions & credits. October 10, 2023 10:03 AM
- Posted Re: Why Asset Life History depreciate a 5-year life car over 10 years? on Deductions & credits. October 6, 2023 3:08 PM
- Posted Re: Why Asset Life History depreciate a 5-year life car over 10 years? on Deductions & credits. October 5, 2023 11:52 AM