Electing to not claim additional depreciation deduction in a Partnership return in Lacerte

For more depreciation resources, check out our Tax topics page for Schedule C where you'll find answers to the most commonly asked questions.

How to make the election not to claim additional depreciation?

1. Go to Screen 33 - Elections
2. Select on Election 1 in the upper portion of the left navigation panel
3. Scroll down to the Election to Not Claim Additional Depreciation Deduction section
4. Check the box Elect not to claim additional depreciation [168(k)(7)]
5. Either select the checkbox for Property class: All eligible clases of property, or enter the desired class in the Property class field.