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Level 1
March 8, 2019

Section 199A Unadjusted Basis

  • March 8, 2019
  • 2 replies
  • 20 views

If your assets were fully depreciated in 2017, why is calculating unadjusted basis for 2018

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2 replies

sjrcpa
Level 15
March 8, 2019

How long ago were they acquired? You may want to read the directions for what gets included in Unadjusted Basis.

The more I know the more I don’t know.
Level 3
March 14, 2019

For the Phase Out Calculation - assets have a life of 10 years or the depreciable lives.  Of course they still must be in use, and owned at the end of the year.  So that 5 year monitor purchased in 2010 is still a 199A asset if being used at year end 2018.