AAG
Level 1
03-08-2019
09:44 AM
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If your assets were fully depreciated in 2017, why is calculating unadjusted basis for 2018
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sjrcpa
Level 15
03-08-2019
10:24 AM
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How long ago were they acquired? You may want to read the directions for what gets included in Unadjusted Basis.
The more I know the more I don’t know.
RETaxAcctBrk
Level 3
03-14-2019
02:03 PM
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For the Phase Out Calculation - assets have a life of 10 years or the depreciable lives. Of course they still must be in use, and owned at the end of the year. So that 5 year monitor purchased in 2010 is still a 199A asset if being used at year end 2018.
