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HOW DO YOU ELECT OUT OF BONUS DEPRECIATION ?

sam-saba
Level 3
 
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5 Comments 5
IRonMaN
Level 15

There is box to check on the asset entry worksheet to accomplish that mission.


Slava Ukraini!
sam-saba
Level 3

Thank you very much 

IRonMaN
Level 15

You betcha!


Slava Ukraini!
jnncpa1
Level 2

You also need to attach an election to your return.    Look for "IRC Elections" under the forms menu.

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IRonMaN
Level 15

The election will print automatically.


Slava Ukraini!