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Level 1
April 21, 2020
Question

I'm trying to Sec 179 Leasehold Improvements placed in service in 2019. What depreciation method can I use?

  • April 21, 2020
  • 1 reply
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1 reply

Level 4
April 21, 2020

Can you please provide more info?  Type of asset, basis, income from the business activity etc?

Also, consider using Special Depreciation Allowance (SDA) which is located on the Depreciation screen 14 in the Federal Depreciation section under 'General'.  If you do decide to use SDA, you shall enter "1" in the override box.

Hope this helps, good luck and stay sfae.