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Level 4
01-27-2021
06:51 PM
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Is there a way to make a universal check mark to elect out of bonus depreciation? Or do we have to go through each asset. We need to run scenarios with and without the full bonus depreciation.
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dascpa
Level 11
01-28-2021
12:47 PM
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Sorry but no. It's asset by asset in FAM.
rbynaker
Level 13
01-28-2021
12:52 PM
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That's my understanding also. Depreciation is just math though. So if you know the total assets placed in service by class life you can figure out what the "elect out" number will be. Then you can wiggle "elect out by category" and/or Section 179 elections to arrive at whatever number you'd like that's in between no bonus and 100% bonus.
