TaxGuyBill
Level 15
04-12-2022
02:58 PM
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The way I read it, it seems questionable if this vehicle was really taken out of service by the taxpayer. It seems to have just switched Schedule Cs.
*IF* that is the case, I would (1) leave the truck on the first Schedule C, (2) manually override the depreciation amount on that Schedule C to reflect a partial year, (3) manually override the depreciation on the second Schedule C to reflect the other partial year, and (4) make notes to switch the vehicle to the second Schedule C for next year (using the original "placed in service" date).