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Depreciation not calculated

2 new autos placed in service in June 2022 with bonus depreciation elected. Both are under 6K lbs and have limits applied. HY convention. The bonus depreciation is allowed but no additional regular depreciation is being calculated.  Do you know why?

I have no overrides. I have selected the IRS tables option in Settings, but this should not matter.  

C Corp with loss.

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Accepted Solutions
sjrcpa
Level 15

Both are under 6K lbs and have limits applied.

Bonus is using up the limit?


Ex-AllStar

View solution in original post

3 Comments 3
sjrcpa
Level 15

Both are under 6K lbs and have limits applied.

Bonus is using up the limit?


Ex-AllStar
TaxGuyBill
Level 15

If the limit has been reached, there won't be more depreciation.

Or are you saying you want it to only show the $8000 for Bonus, and 'regular' depreciation for the rest of the limit?

of course. The limits were reached. TYVM.