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bandb
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  • OK. I have evidence to support a replacement. On CY 2025 tax return, do I depreciate the new truck with the old adjusted basis and depreciation schedule?
    bandb
    Nov 17, 2025
  • I have a letter from Ford Motor Co. Subject: Replacement of 2024 Ford F-150 Lightening. Ford offers " to replace your vehicle under the terms of VA Lemon Law " ...
    bandb
    1
    Nov 17, 2025
  • If determined to be a sale, there is a large gain due to EV credit and 179, bonus, and MACRS all reducing basis. Purchase will have 179, bonus and MACRS, BUT is...
    bandb
    2
    Nov 17, 2025
  • In 2024 taxpayer bought a truck, 100% business. Took section 179, bonus depr, and macrs, as well as the dealer redeemed EC tax credit of $7,500. In 2025, lemon ...
    bandb
    8
    Nov 17, 2025
  • I am puzzled because I did the 6251 manually, and also there is a website with an AMT calculator and both did not show any AMT?. Not sure what to tell the clien...
    bandb
    1
    Jun 15, 2025
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