DGinsburg
Level 1
‎06-17-2020 04:57 PM

I want to opt out of 100% bonus depreciation for 2019.  Do I have to add an election to the return or just check the box on the asset entry worksheet?

 

Thanks

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itonewbie
Level 15
‎06-18-2020 12:58 AM

You will need an election statement.  By checking the box on the Asset Entry Worksheet to elect out of SDA, PS will automatically generate an election statement for the asset class and Elections will appear under Forms in Use.

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Still an AllStar
DGinsburg
Level 1
‎06-18-2020 09:28 AM

The election did not print out when I printed the return so I went in and made it myself.

 

Thanks

 

0 Cheers