lorizcpa
Level 2

What am I doing wrong...I'm amending a 2019 return for a Schedule C asset that was not given to me at that time.  When I input it, it is not calculating the Bonus Depreciation.  When I put a "1" in the box to override it with a yes, it is still not calculating.  Asset was placed in service in Nov. 2019.  Lacerte calculates bonus automatically unless you override and opt out.  And I'm aware an election to opt out has to be filed timely.  So why is Lacerte not calculating it?

Also, I tested it out by entering a random asset in 2020 and 2021 in the same client with the same date and those are also not calculating bonus.  I have been working with lacerte for 15 years so I should know what I'm doing.  What am I missing?