Foxy-Lady
Level 3
05-10-2021
01:01 PM
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I took over doing a 1040C business return. The prior accountant refuses to provide the depreciation history. This is what I know:
7-year property 1,000 7 yr recovery MQ conversion 200 DB $36 for 2017
15-year property $785 15 yr recovery MQ conversion 200DB $10 for 2017
5- year property depreciation deduction $925 for 2017 (based on a printout I think its $18,500 base
Nonresidential 10-2017 $7,313 39 yrs MM S/L $39 for 2017 (That 1 I have no issue)
This business opened around 10/15/2017
2018 shows $7,572 but the accountant did not include the 4562. (based on backup there were no additional assets)
2019 shows 8547 no 4562
I am doing the 2020.
Any help. I cannot make the 2017 numbers work.
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