TaxGuyBill
Level 15
12-07-2019
05:55 AM
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If it was "placed in service" last year, you would amend last year's tax return to do that, and change the type of asset that it is so it has the proper recovery period.
However, are you sure that 7 years is correct? That seems unusual. If you are unsure, give details about what kind of truck it is and what it is used for.