The IRS does not require the taxpayer to use the same depreciation method on the tax return that is used in preparing financial statements.

Name: The IRS does not require the taxpayer to use the same depreciation method on the tax return that is used in preparing financial statements.
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The IRS allows taxpayers to use different depreciation methods for tax returns and financial statements as long as they follow the guidelines and rules for each method.

The IRS Does Not Require the Taxpayer to Use the Same