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statement to elect out of bonus depreciation for specific class of property

RS2671
Level 1

How to generate statement to elect out of bonus for 5 year property only?

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2 Comments 2
PATAX
Level 15

Take a look at the asset entry worksheet.

abctax55
Level 15

It's on the Depreciation Screen (in Lacerte, PTO's big sister).   Just below where the 'date placed in service' is entered.   PTO 'may' not have this... it may be one of the nice features you get with paying more for Lacerte.

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