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- How can I recapture, in Proseries Basic, a bonus depreciation deduction that should not have been taken in 2019, when the property is sold in 2020? What are the steps?
How can I recapture, in Proseries Basic, a bonus depreciation deduction that should not have been taken in 2019, when the property is sold in 2020? What are the steps?
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johnefarrar
Level 1
04-07-2021
10:38 PM
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I know it's a wash, but I can't get the program to show that.
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1 Comment 1
dkh
Level 15
04-08-2021
09:13 AM
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Why do you think the Bonus Depreciation should not have been taken in 2019? If the property is sold in 2020, wouldn't you just include depreciation allowed or allowable in your calculation. Where do you think this depreciation recapture should be reported?
