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Merlo, Accountant
Category: Tax
Satisfied Customers: 9783
Experience:  25+ years tax consulting. Specializing in returns for US citizens living abroad
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11/07 I bought a $125,000 excavator for work. 01/08 a $36,000

Customer Question

11/07 I bought a $125,000 excavator for work. 01/08 a $36,000 mobile home to live in while we rebuilt our home that burned in 2007, in 08/05 i bought a $37,000 GMC worktruck. How would the depreciation for these be calculated and applied for 08 and future returns? Is it possible to correct my 07 returns if i didnt report enough depreciation? 07 depreciation was reported as 30,848.
Submitted: 8 years ago.
Category: Tax
Expert:  Merlo replied 8 years ago.
I will report this as a duplicate question.