Have you allowed for the fact that any depreciable items purchased in the tax year are subject to the half year rule? If you purchased something for $2000 it is only going to add $1000 to the base amount, as you are only allowed half the depreciation on that item.
On this link, please check out the heading "Column 6 - Adjustments for current year acquisitions"
Have you allowed for the fact that any depreciable items purchased in the tax year are subject to the half year rule? If you purchased something for $2000 it is only going to add $1000 to the base amount, as you are only allowed half the depreciation on that item.
On this link, please check out the heading "Column 6 - Adjustments for current year acquisitions"
ArdyC
New Member
mategithi
New Member
tgmalino
New Member
indigo_bunting_
New Member
vlaval
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.