dsacpa
Level 2

Thanks Rick and TaxGuyBill.  Both of you offer valid info, but I'm still not sure it's working correctly. The business use was 100% in all years. The idea of having excess deductions each year not available until year 7 doesn't make sense to me. I too have researched this, but can't find anything to back up no depr ded for year 6.

I also ran the Asset Life History report in the 2021 tax program and although showing depr in year 6 (2022) of $1,188 vs. $2,075 expected, Proseries does show depr in 2022.  In the 2022 tax program it's calculating -0- depr ded and now the Asset Life History report shows -0- depr allowed for 2017-2022 and then beginning in 2023 it allows $2,075 / yr until 2037.

Sumpin just doesn't look right.  I'm calling Proseries.

Thanks and stay tuned (if interested).

Dave

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