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Tax software fails to aggregate business use for depreciation

💸 moneyproduct problemSingle report ●●●●● severity 3/5

A taxpayer reports that tax software fails to aggregate business mileage across different schedules (Schedule C and Schedule E) to meet the 50% business-use threshold required for accelerated depreciation, causing the software to incorrectly disqualify the asset.

Who's affected: A taxpayer using tax preparation software to manage assets used for both rental property management and vehicle rental business.

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

🔧 Fix this

Ideas a builder, maker or community group could start on:

  1. A tax software plugin that allows users to link multiple asset entries to a single vehicle record for aggregate business-use calculation.
  2. A specialized tax calculator tool that generates the correct depreciation schedule for multi-purpose assets to be manually entered into tax software.
  3. A guide or template for tax software users on how to correctly report split-use assets to satisfy IRS depreciation requirements.
I want to build this

Real voices

“When I do that, neither asset gets accelerated depreciation. It looks like TurboTax tests each asset separately”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified

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