You used Table A-6 to figure your MACRS depreciation for this property. Although your property may qualify for GDS, you can elect to use ADS. The election must generally cover all property in the same property class that you placed in service during the year. How Do You Elect the Deduction? If you are an … Publication 946 2024, How To Depreciate Property Internal Revenue Service
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You can use the Depreciation Worksheet for Passenger Automobiles on the next page to figure your depreciation deduction using the percentage tables. The maximum depreciation deductions for trucks and vans placed in service after 2002 are higher than those for other passenger automobiles. The maximum deduction amounts for trucks and vans are shown in the … Top 10 Best Real Estate Investor Financial Statement Software of 2026