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March 27, 2020
Question

I have never filed taxes before, so I don't think I "have prior year depreciation", correct?

  • March 27, 2020
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March 27, 2020

No, it doesn't necessarily mean that because you never filed taxes, you don't have prior year depreciation. However, if you are only putting the asset into service in this tax year, then yes you have no prior year depreciation. 

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