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Level 2
April 6, 2024
Question

statement to elect out of bonus depreciation for specific class of property

  • April 6, 2024
  • 2 replies
  • 19 views

How to generate statement to elect out of bonus for 5 year property only?

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2 replies

PATAX
Level 12
April 6, 2024

Take a look at the asset entry worksheet.

abctax55
Level 15
April 6, 2024

It's on the Depreciation Screen (in Lacerte, PTO's big sister).   Just below where the 'date placed in service' is entered.   PTO 'may' not have this... it may be one of the nice features you get with paying more for Lacerte.

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