I am trying to include bonus depreciation on qualified leasehold improvements (15 year life) but I cannot elect it without overriding.
As of now, they DON'T have a 15 year life and DON'T qualify for Bonus Depreciation.
However, because the INTENT of the TCJA was to make it 15 years and qualify for Bonus, there is VERY likely going to be a change to that.
Until/unless Congress changes that, you probably should not claim 15 years and Bonus. If/when they change that, you can go to the Federal Info Worksheet (where you enter the taxpayer's name, address, etc.) and check the box to apply the 15 year rules (see picture).
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