OBBBA 100% Bonus Depreciation in 2024 Lacerte for Fiscal Year End Corps after 1/19/25

Forum|Forum|10 months ago
August 29, 2025
2 replies
14 views

Has Lacerte made any updates to accommodate for the OBBBA 100% bonus depreciation in the 2024 Lacerte tax software? We have corporations we are filing fiscal year end tax returns for and it's our understanding that 100% bonus depreciation can be taken for the first taxable year ending after January 19, 2025. Do we have to override the current special depreciation allowance for each asset? Or is there better way?

Lacerte Tax

Kathi_at_Intuit

Moderator

Hi @EmilyRCPA ,

Thanks for stopping by the community. Have you reached out to Lacerte Support yet? They would be able to check into this. We also have a few posts about the OBBB. The One Big Beautiful Bill summary and tax changes does have comments on it that Intuit has been answering. Here is another post about the changes that we have in Community's News and Updates for Lacerte we have been adding updates to this post as we receive them.

We're looking forward to your contributions in the community.

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S

Sarah Berry

Level 2

THis is a problem for us as well. I thought maybe our Lacerte had not been updated correctly, but is everyone having this issue? We have a Fiscal Year End Corporation that FYE is 6/30/25. I think the assets added after 1/20/25 should be 100% bonus depreciation, but Lacerte is not allowing it. Can someone please give us guidance? These tax returns are due.

D

Daffey

Level 2

I have contacted Lacerte customer support three (3) times and I was told that the "updates to the depreciation, senior deduction, etc would not be included in the software until the IRS forms were official". I pushed back with the customer support person that this seemed totally illogical based on Lacerte's prior software update history. I was requested to wait patiently until the release on Wednesday, 1/7/26. I'm not holding my breath that the depreciation issue facing many preparers who do year end tax planning and FYE entity returns will be resolved quickly.

I sincerely anticipate I will be contacting Lacerte support again this Wednesday.

Kathi_at_Intuit

Moderator

Hi @Daffey great to see you in the community and thanks for sharing those details. We have checked on this and it does look like for the 2024 Lacerte tax program that the 100% Bonus Depreciation has been implemented. It can be found in the Corporate tax module in Deductions> Screen 21 Depreciation >Asset Information>OBBBA for Assets after 1/19/2025.

**Click the 👍Thumbs up icon to say thanks on a post, and click Best Answer to mark the post that answered your question.

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