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depreciation

how do I take 100% bonus depreciation on QIP.  I only see the Sec 179 option

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depreciation

Here's how to take 100% bonus depreciation on QIP.

Search for QIP in the search box, and follow 

 

  • Line 5- For the type of asset, choose Other
  • Line 9a, economic stimulus property - check yes
  • Line g, bonus - choose 100% depreciation
  • Line 45, depreciation type - MACRS
  • Line 46, asset class - 15
  • Line 47, method - Straight Line

 

Here is a TurboTax article about depreciation of business assets.

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