Greta
Level 9
01-14-2022
04:17 PM
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How do I check the box for 30% special depreciation?
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TaxGuyBill
Level 15
01-14-2022
04:20 PM
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Assuming you are preparing a tax return for after 2004, you don't. For 2020 and 2021, only 100% applies.
Greta
Level 9
01-14-2022
04:23 PM
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Ah, that explains why it kept giving me the 100% special depreciation, not a helpful rule.
TaxGuyBill
Level 15
01-14-2022
04:54 PM
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If you want a smaller amount, you might consider if Section 179 would apply and be helpful.