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khorshed
Level 5
August 5, 2021
Solved

Depreciation worksheet

  • August 5, 2021
  • 3 replies
  • 25 views

If depreciation deduction on Sch E will NOT benefit a client, how (if any) to elect NOT to depreciate on the depreciation worksheet?

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Best answer by TaxGuyBill

Taking depreciation is not an optional thing.

3 replies

T
TaxGuyBillAnswer
Level 15
August 5, 2021

Taking depreciation is not an optional thing.

    K
    khorshedAuthor
    Level 5
    August 5, 2021

    Thank you

      abctax55
      abctax55
      Level 15
      August 5, 2021

      Google or search 'allowed or allowable'.  Bill's correct..all you can do is minimize the current year if possible (i.e. elect out of bonus...)

      HumanKind... Be Both
        Accountant-Man
        Accountant-Man
        Level 13
        August 5, 2021

        There is no such election to NOT depreciate.

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