TaxGuyBill
Level 15
06-11-2020
06:54 PM
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@KASHANICPA wrote:Appreciate it if you can please inform how to obtain additional depreciation allowance for 2018 assets if filing under 2019 tax returns.
You need to amend the 2018 tax return to claim Bonus Depreciation for Qualified Improvement Property. The extra depreciation does not go on the 2019 return; in fact, the 2019 depreciation would be zero because the full amount of depreciation should be in 2018.