EmilyRCPA
Level 1

Has Lacerte made any updates to accommodate for the OBBBA 100% bonus depreciation in the 2024 Lacerte tax software? We have corporations we are filing fiscal year end tax returns for and it's our understanding that 100% bonus depreciation can be taken for the first taxable year ending after January 19, 2025. Do we have to override the current special depreciation allowance for each asset? Or is there better way?