2022 Proseries limited depr to -0- on a under 6,000 lb SUV that took the SDA on the 2017 tax return

Forum|Forum|3 years ago
February 4, 2023
1 reply
23 views

Under 6,000 lb SUV purchased 6/1/2017 for $41,000. Took $11,560 SDA on 2017 tax return with -0- other depr exp. Took regular depr in 2018-2021 of $5,700, $3,450, $2,750, $2,750 for a total of $13,300.

We expected to take $2,750 of reg depr again in 2022, but Proseries is limiting depr to $-0- for 2022.

Why?

ProSeries Professional

This topic has been closed for replies.

T

TaxGuyBill

Level 15

Was it 100% business use in 2022?

Do you mean $2075 (not $2750)?

Special Depreciation was 50% in that year, right?

D

dsacpaAuthor

Level 3

Sorry, yes we expected 2,075/yr (not 2,705).

Yes, I believe it was 50% in 2017, but we were limited by the SUV rules to max of $11,560

rbynaker

Level 13

I seem to remember there was some weird interaction between bonus depreciation and auto limits but I've googled different things and can't seem to find anything at all now. @TaxGuyBill is the rock star on these things. From my (less reliable every day) memory, I researched it a few years ago and concluded that $0 was somehow "correct" at the time with depreciation resuming in year 7. If you look at the future depreciation (I think ProSeries has a button hiding somewhere on the Asset Info Wks) does it show depreciation resuming next year?

Rick

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