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2 replies

H
HelenC12
March 9, 2023

Please clarify. Is this for a Schedule C business, a rental or a home office?

 

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Carl11_2
Carl11_2
Employee
March 9, 2023

You also need to verify the asset was placed in service in 2022. If it was placed in service in a prior tax year and you used the wrong MACRS classification, you can't just arbitrarily change it in a later year. Doing so will mess up the depreciation history, as well as future depreciation.

 

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