Question

How do i enter no entry on line 79 of sch c for SDA?

Forum|Forum|5 years ago
February 21, 2021
1 reply
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it says for correction that no entry for SDA but wont let me change it?

TurboTax Self Employed Online

The Special Depreciation Adjustment would have been elected when you entered an asset for bonus depreciation. Look for an asset that you entered this year, and check your entries, Do not elect bonus depreciation.

onus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than write them off over the "useful life" of that asset.