recap of 179 on suv

[grandmabee]

I have a big truck which was not subject to limits but this year (6th) business use down to 34.% So I know I must recapture the 179 and figure regular depreciation and claim in on 4797 part iv and income goes to sch c on other income line. But how do I adjust basis for the recapture to see what deprecation is for this year. Do I just change the cost on the asset form by the increase. I need help making the program work.

thanks

[grandmabee]

BUMP

[Bart]

I have a big truck which was not subject to limits but this year (6th) business use down to 34.% So I know I must recapture the 179 and figure regular depreciation and claim in on 4797 part iv and income goes to sch c on other income line. But how do I adjust basis for the recapture to see what deprecation is for this year. Do I just change the cost on the asset form by the increase. I need help making the program work.

thanks

I would probably adjust accumulated depreciation so there was an increase in the basis left to depreciate. I would not change the original cost of the truck.