Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

depreciation of qualified improvement property

BryanC
Level 1

I'm having an issue with depreciation code J3 for restaurant items. the program gives error message and says to change to J5, but a 39 yr life comes up instead of 15 yrs and it does not allow 100% bonus without overriding the Economic Stimulus question. 

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

You need to check the box on the Fed Info worksheet to get some of those J codes to work right

qaulifiedleasehold.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
TaxGuyBill
Level 15

@BryanC wrote:

I'm having an issue with depreciation code J3 for restaurant items. 


J3 is for "Qualified Restaurant Property", which did not exist for assets that were "placed in service" in 2018 or 2019.