- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I elected not to claim additional/bonus depreciation on an 1120S return for 2017. I don't want to make the election for 2018 but the election apparently carried over and I can't find a way to remove it. The election statement is printing out and none of the eligible assets have bonus depreciation calculating.
When I go to the election screen 38 there are no entries in that section.
I can override by entering the amount on Screen 16 where I entered the new asset. But that doesn't stop the election statement from printing.
It's my understanding this is an annual election, so I'm not sure why I'm stuck. Anybody else having this problem?
Best Answer Click here
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Just a guess - Is Election 1 still present and bold? If so, click Delete below it.
Here's wishing you many Happy Returns
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here's wishing you many Happy Returns
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Here's wishing you many Happy Returns