I'm confused with a number that H&R Block online is giving me with regard to depreciation.
I put a dishwasher, which cost $629, in service in June 2010.
On my 2010 taxes I took a 50% bonus depreciation, leaving $314 to depreciate over 5 years using the 200% declining balance with mid-year convention.
So, from what I understand, the correct amount to depreciate of this part each year would be:
Tax Year Amount =================================== 2010 0.2000 of $314 $63 2011 0.3200 of $314 $100 2012 0.1920 of $314 $60 2013 0.1152 of $314 $36 2014 0.0691 of $314 $22 2015 0.0207 of $214 $6
The software is bound and determined to tell me that I need to depreciate $36 this year. But, that appears to be last year's amount, not 2014's.
There were places in the interview screen to put in (a) prior-year Section 179 depreciation, (b) prior-year bonus depreciation, (c) prior-year accumulated depreciation. I tried all kinds of combinations to get it to spit out $22, but it wouldn't.
Something with the laws may have changed in between 2010 and now, and unfortunately I didn't use the software the entire time in between, so it doesn't have that information to help it.
I may just end up not depreciating it this year and next. It's hardly worth the small increase in my refund all the time I've spent on it, but I don't want to risk an audit by being over by $14 on my depreciation.