Intuit HelpIntuit
Electing to not claim additional depreciation deduction in a Partnership return in ProConnect Tax
by Intuit• Updated 2 months ago
How to make the election not to claim additional depreciation?
- From the Input Return tab, go to Other ⮕ Elections.
- Click Election in the top right corner.
- Select the proper election tab across the top if there are multiple.
- Scroll down to the Election to Not Claim Additional Depreciation Deduction section
- Check the box Elect not to claim additional depreciation [168(k)(7)]
- Either select the checkbox for Property class: All eligible clases of property, or enter the desired class in the Property class field.
Sign in now for personalized help
Ask questions, get answers, and join our large community of Intuit Accountants users.
More like this
- Electing to not claim additional depreciation deduction in a Partnership return in Lacerteby Intuit•16•Updated September 30, 2024
- Understanding special depreciation in ProConnect Taxby Intuit•33•Updated February 10, 2024
- Special depreciation input and elections in Lacerteby Intuit•112•Updated over 2 years ago
- Calculating the qualified business income deduction, section 199A, in ProConnect Taxby Intuit•72•Updated October 09, 2024