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HOW DO YOU ELECT OUT OF BONUS DEPRECIATION ?

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Level 3
 
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5 Replies 5
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Level 15

There is box to check on the asset entry worksheet to accomplish that mission.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 3

Thank you very much 

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Level 15

You betcha!

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 1

You also need to attach an election to your return.    Look for "IRC Elections" under the forms menu.

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Level 15

The election will print automatically.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.