George4Tacks
Level 15
11-15-2024
12:36 PM
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Thanks for the detailed explanation. I hope someone from programming can reach out to you. Maybe @IntuitGabi can have someone reach out to you. I see your problem and I do not see a work around other than doing it your self each year. The deduction is normal depreciation based upon the method used PLUS 1/7 of the bonus depreciation disallowed in the year of purchase. This 1/7 then become an equal amount of depreciation for each of the next 6 years.
A possible solution is to make two assets. One federal and a second one FL only. That does not seem to be an acceptable solution.
I am old enough that I watched Laugh In. I am remined of Arte Johnson "Very interesting, but stupid."
Answers are easy. Questions are hard!