How do I elect for 100% First-Year Bonus Depreciation
I have a client who is an S Corp and they purchased 3 brand new heavy SUVs that are over the 6,000 pound gross weight. They qualify for the first year bonus depreciation, however, when I input the amount as the section 179 deduction it says the amount is too high. Is there another box I need to check to take the full amount? I have it entered as an Asset Entry.
