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- How to elect out of the sda bonus for depreciation in 1065
How to elect out of the sda bonus for depreciation in 1065
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dabdulahad-1800
Level 1
12-22-2022
12:13 PM
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abctax55
Level 15
12-22-2022
12:20 PM
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Screen 14 - enter the asset; then under General - 6th line down 1=yes/2=no to override. Or the next box down = elect out of SDA. There's a box to click on " Complete Election Statement".
And be aware that this has to be done for all assets acquired in the year that are in the same 'life'.
Codes 399 & 488 if you speak "batch" entry.
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