Once the business use of listed property falls to 50% or below,the alternative depreciation system must be used for the current year and all subsequent years,even if the business use percentage increases to more than 50% in a subsequent year.

Question

Quizplus · Accepted Answer

This statement is true according to the tax code. Once the business use of listed property falls to 50% or below, the alternative depreciation system must be used for the current year and all subsequent years, regardless of whether the business use percentage increases in a subsequent year.

Once the Business Use of Listed Property Falls to 50