Answered: Section 199A Unadjusted Basis

AAG · ‎03-08-2019

If your assets were fully depreciated in 2017, why is calculating unadjusted basis for 2018

RETaxAcctBrk · ‎03-14-2019

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.

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sjrcpa · ‎03-08-2019

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 · ‎03-14-2019

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.

Section 199A Unadjusted Basis

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