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    Where do you enter bonus depreciation

    Dbacker57
    Level 1
    ‎10-13-2020 12:35 PM
     
    0 Cheers

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    2 Comments 2
    Just-Lisa-Now-
    Level 15
    Level 15
    ‎10-13-2020 01:36 PM

    The asset entry worksheet should have the question about Economic Stimulus Property right near the top.


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    IRonMaN
    Level 15
    ‎10-13-2020 01:59 PM

    If it is qualifying property, the default will be bonus depreciation in the asset entry worksheet.  You would have to elect out of bonus for the asset to not go down that road.


    Slava Ukraini!






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