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