PatrickSanford
Level 2
09-11-2024
12:57 PM
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Sorry TaxGuyBill, I should have put that in my original post. This is if you are electing out of bonus depreciation.
And, you are right, the 150% would apply. But if you elect out of bonus in the software, and put a 5-year or 7-year property at 200% regular tax, the software just copies what is in federal for AMT. That's not right. A 7-year 200% GDS property should be a 10-year 150% for office furniture, fixtures, and equipment. ProConnect is not getting this right.