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R
robmatey
February 26, 2025
Question

bonus appreciation adjustment

  • February 26, 2025
  • 1 reply
  • 0 views
How do I calculate my bonus appreciation adjustment for my business?

    1 reply

    PatriciaV
    PatriciaV
    Employee
    February 26, 2025

    If you mean "bonus depreciation," this special allowance is calculated when you report a new asset for your business. If the asset qualifies, TurboTax will present various options for writing off the cost of the asset, including Special "Bonus" Depreciation.

     

    To enter a new asset, go to your business summary page and look for Assets/Depreciation. Start/Update and follow the interview.

     

    Additional information: IRS Pub 946: Claiming the Special Depreciation Allowance

     

     

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