Luxury auto PIS in 2020

Question

I have two assets that were placed in service in 2020 and the company was sold in 2020. When I depreciate - it is taking the whole amount and is not subjecting it to 280F(d)(7) luxury automobile limitations for TY20. Can you provide guidance on how to have it max the depreciation according to the standard?

Delray · Answer

Hello Jwolf, 
 The only way I could see that happening is If the Property was not A and the method was not MF200, because if it was - your calculation would be zero for an asset Placed-in Service and Disposed in the Same year. 
 ~Delray

Delray · Answer

Property Type A = Luxury Auto.

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Luxury auto PIS in 2020

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