Skip to main content
Level 3
February 12, 2024
Question

Setting up Bonus Depreciation in Pro Series

  • February 12, 2024
  • 1 reply
  • 8 views

Can someone help me set up bonus depreciation on a vehicle in Pro Series? Are there 

additional boxes that need checked besides the YES to Economic Stimulus-Qualified Property?

I am in Asset Entry Worksheet.

    This topic has been closed for replies.

    1 reply

    Just-Lisa-Now-
    Intuit Community Champion
    February 12, 2024

    On a 1040, Sch C? 

    You need to use the Car & Truck worksheet that you access through Line 9 of Sch C, you dont use the Asset Entry worksheet.  Scroll down to page 2 of the C&T worksheet for the depreciation options.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    ktrozAuthor
    Level 3
    February 12, 2024

    I am in a C Corp return?

     

    Just-Lisa-Now-
    Intuit Community Champion
    February 12, 2024

    Ahhhh...I dont prepare Corp returns, so I wont be of much help, sorry.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪