sjrcpa
Level 15
03-16-2024
03:07 PM
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The business use percent dropped below 50% so the excess 179 deduction needs to be recaptured. It's income. 4797 Page 2 Part IV to start. You probably have to do the calculation manually. I don't think death of business user is an exception.
Full step up to FMV.
The more I know the more I don’t know.