How can I recapture, in Proseries Basic, a bonus depreciation deduction that should not have been taken in 2019, when the property is sold in 2020? What are the steps?

johnefarrar · ‎04-07-2021

I know it's a wash, but I can't get the program to show that.

dkh · ‎04-08-2021

Why do you think the Bonus Depreciation should not have been taken in 2019? If the property is sold in 2020, wouldn't you just include depreciation allowed or allowable in your calculation. Where do you think this depreciation recapture should be reported?