Welcome back! Ask questions, get answers, and join our large community of tax professionals.

Batch election-out of special (bonus) depreciation

cancel
Showing results for 
Search instead for 
Did you mean: 

Batch election-out of special (bonus) depreciation

ELJ_CPA

It should be possible to implement on the depreciation input screens a batch election out of special (bonus) depreciation for specific asset classes, rather than having the check the box to elect-out on an asset-by-asset basis.

I was so excited to receive an Excel file from a client with their cost segregation study and successfully import almost 300 fixed assets into ProConnect Tax depreciation. My excitement was replaced by horror when I had to go back in to MANUALLY elect out of bonus depreciation for the classes that the client designated. 

Status: New
Vote now if this is a good idea
1 Comment
Mandy MIA
Level 2

Totally agree, the depreciation module in Lacerte is very clunky and onerous.  There are sooo many small things they could do to make it easier, I can't understand why it's so bad.

Post comment