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Level 1
December 22, 2022
Question

How to elect out of the sda bonus for depreciation in 1065

  • December 22, 2022
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1 reply

abctax55
Level 15
December 22, 2022

Screen 14 - enter the asset; then under General - 6th line down 1=yes/2=no to override.  Or the next box down = elect out of SDA.   There's a box to click on " Complete Election Statement".  

And be aware that this has to be done for all assets acquired in the year that are in the same 'life'.

Codes 399 & 488 if you speak "batch" entry.

 

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