dlcoatscpa
Level 3
02-12-2025
02:58 PM
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Under normal circumstances, that would be true, however this is a short year for the business (only 5 months). The depreciation for the short tax year should be 5/12 of the total allowed. The date purchased and placed in service are identical. I need it to only take depreciation for the months he owned the business, not for the half-year as normal.