Sch F Asset Entry Bonus Depreciation Not Updated

[ITT78]

In TurboTax 2025 when entering an asset in Sch F, the application does not appear to allow Bonus Depreciation at 100%. The application limits the Bonus depreciation to 40%, which was the allowed percentage in previous tax law prior to the OBBB revisions. The new OBBB reinstated 100% depreciation deduction. Please confirm TurboTax 2025 status on this matter.

The application was just updated and this section made available today.

Thanks.

[AmeliesUncle]

There are still many things that are still using the 2024 rules.  You'll need to wait a while until they update everything.

As a side note, 40% still applies for assets placed in service before January 20th, and 40% for assets after that is still an optional election.