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Level 2
September 24, 2024

If you have a LLC in texas are you required to use the ADS Depreciation when your filing as a single member on a schedule c form 1040/

  • September 24, 2024
  • 1 reply
  • 4 views
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    1 reply

    Level 15
    September 24, 2024

    An LLC doesn't have different rules for depreciation than a non-LLC.  Neither does being in Texas affect depreciation.

    What is the reason that you think you are required to use ADS?

    abctax55
    Level 15
    September 24, 2024

    There is a poster on a different list serve with a tag line "I wish Texas was still a separate country".  😉

    HumanKind... Be Both
    Level 15
    September 24, 2024

    @abctax55 wrote:

    There is a poster on a different list serve with a tag line "I wish Texas was still a separate country".  😉


     

    🤣