How do I check the box for 30% special depreciation?
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Assuming you are preparing a tax return for after 2004, you don't. For 2020 and 2021, only 100% applies.
Assuming you are preparing a tax return for after 2004, you don't. For 2020 and 2021, only 100% applies.
Ah, that explains why it kept giving me the 100% special depreciation, not a helpful rule.
If you want a smaller amount, you might consider if Section 179 would apply and be helpful.
Or you can elect out of the bonus depreciation and use the regular depreciation.
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