Where do I input Section 181 deduction in Turbo Tax Business 2015?

[tagteam · Accepted solution]

"Where do I input Section 181 deduction in Turbo Tax Business 2015?"

There is nowhere in the program to input the deduction nor is there a standard election form contained in the program. 

Rather, you would add a Miscellaneous Statement or Additional Information sheet in Forms Mode and then follow the manner for making the election set forth in the Treasury Regulations (link below).

Treas. Reg. §1.181-2(c) --> https://www.law.cornell.edu/cfr/text/26/1.181-2

[ywilsonrobi]

I read your comments I need to know where I can find The Misc statement of Additional Information Sheet?