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Intuit Community Champion
February 7, 2025
Question

Il-4562

  • February 7, 2025
  • 1 reply
  • 4 views

*Illinois folks*

I am looking to find out what my Illinois Subtraction is for 2024.

-Auto - Luxury - placed into service 12/22/23

-Cost $69,574.00

-2023 Depreciation $20,200

-2024 depreciation $19,500 (numbers may vary a little)

Can you tell me what my depreciation subtraction is for Illinois for 2024. 

I will tell you what program is stating and I have a tough time with the dollar amout. 

 

Thank you for listening!!!

1 reply

IRonMaN
Level 15
February 7, 2025

I saw all of the IL folks gathered around the Fireball delivery truck.  You might have to wait until they get back to work………….  and sober up a little 😬

Slava Ukraini!
Level 8
February 7, 2025

Sober up is right!  You made your post 13 minutes ago and it took me 12 minutes to hit the correct icon to give you a cheer because I am seeing about six icons.  The energy credit discussion led to some unnecessary early drinking which cut into my Fireball inventory.