sappy021
Level 2

Hello @George4Tacks 

I provided the answers below.

Did 2021 use Bonus?  Or did they elect OUT of Bonus? It appears they used S/L. How would I know if they elected OUT of Bonus? If they used S/L, does it mean they automatically elected OUT of Bonus? Or should they have filed an election statement? If they did not file, should the client stick with S/L or move to 200DB?

What are you entering for the Basis? original basis is $33,379, however, MACRS depr basis is $25,034. 

I would think the depreciation method can be changed to whatever we need it to be. I am skilling up and fact finding - no premise that the software did it to anyone. 

0 Cheers