I need some guidance on handling an asset basis adjustment in Intuit ProSeries.In 2024 , our client purchased new software and we added it as a depreciable asset. We claimed both special (bonus) depreciation and regular depreciation on it in that year.In the following year 2025, the client received a credit related to that same software purchase.I would like to confirm the correct treatment and ProSeries entry method:How should we adjust the asset basis in ProSeries after a vendor credit is received?Should we reduce the original cost in the depreciation worksheet or enter a basis adjustment?Do we need to recognize any depreciation recapture or other income because bonus depreciation was already claimed?Is it better to adjust in the current year or amend the prior-year return?Any step-by-step guidance within ProSeries would be greatly appreciated.

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Question

How to Adjust Asset Basis When Vendor Credit Is Received After Claiming Bonus + Regular Depreciation on Software?

Forum|Forum|4 months ago
February 16, 2026
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I need some guidance on handling an asset basis adjustment in Intuit ProSeries.

In 2024 , our client purchased new software and we added it as a depreciable asset. We claimed both special (bonus) depreciation and regular depreciation on it in that year.

In the following year 2025, the client received a credit related to that same software purchase.

I would like to confirm the correct treatment and ProSeries entry method:

How should we adjust the asset basis in ProSeries after a vendor credit is received?
Should we reduce the original cost in the depreciation worksheet or enter a basis adjustment?
Do we need to recognize any depreciation recapture or other income because bonus depreciation was already claimed?
Is it better to adjust in the current year or amend the prior-year return?

Any step-by-step guidance within ProSeries would be greatly appreciated.