ILLMAS Posted March 24, 2015 Report Posted March 24, 2015 I have a new client, TP has been in business since 2003 and it seems the prior preparer was taking depreciation on car placed in service since 2003, is this possible? Thanks MAS Quote
Lee B Posted March 24, 2015 Report Posted March 24, 2015 Yes, there was long thread about this roughly six weeks ago. It's because of the annual limitations, especially if no bonus depreciation or 179 was taken in the first year Quote
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