TaxGuyBill
Level 15
01-16-2024
09:02 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
@sappy021 wrote:
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?
There would be a separate election statement if they elected out of Bonus.
George pointed out that ProConnect was using 200%DB. If Straight Line was used last year, you can't change to 200%DB so you need to change ProConnect to Straight Line.