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February 18, 2023
Question

Most vehicles in business have a 5yr depreciation. My business owns a semi-truck (tractor-trailer) which TurboTax only depreciates for 3yrs. Why?

  • February 18, 2023
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1 reply

February 18, 2023

Unlike most other vehicles, a semi tractor is depreciated over 3 years.

The trailer is depreciated over 5 years.

 

https://www.irs.gov/pub/irs-pdf/p946.pdf#page=98