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Where do you enter bonus depreciation

Dbacker57
Level 1
 
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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

The asset entry worksheet should have the question about Economic Stimulus Property right near the top.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
IRonMaN
Level 15

If it is qualifying property, the default will be bonus depreciation in the asset entry worksheet.  You would have to elect out of bonus for the asset to not go down that road.


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