pat
Level 5
2 weeks ago
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I use lacerte and in preparing a 1040 for a decedent added a new farm equipt asset purchased just days before death. To stop depreciation on this and all farm assets I entered the date of death with no sales price for each. Lacerte is not allowing bonus depreciation for the new asset which is being questioned by the estate's personal representative. Is this correct treatment? and if not, How do I properly enter it so that bonus will be correctly applied? TIA.
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