sappy021
Level 2
10-16-2023
09:07 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Business percentage in 2021? 100%
Business percentage in 2022? 100%
Over 6000 pounds or under? Under
Did 2021 use Section 179? Prior to 2021, yes = $8345
Did 2021 use Bonus? Or did they elect OUT of Bonus? It appears they used S/L. How would I know if they elected OUT of Bonus? If they used S/L, does it mean they automatically elected OUT of Bonus? Or should they have filed an election statement? If they did not file, should the client stick with S/L or move to 200DB?
What are you entering for the Basis? original basis is $33,379, however, MACRS depr basis is $25,034. Also refer to my other reply. Thank you.