Question

How do I change an asset in my Schedule E to REGULAR depreciation by election, not special depreciation allowance?

Forum|Forum|7 years ago
June 6, 2019
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TurboTax Self Employed Online

A

Anonymous

if you enter the asset on the asset entry worksheet and answered 8a yes go to 8h - elect out of special depreciation and check yes,. then you must click the link on 8j - election statements to make sure that the class is checked if you wish you can check the box that elects out for all classes. the depreciation should automatically recompute eliminating the bonus depreciation