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Get your taxes done using TurboTax
There is an option to select "Intangibles, Other property" on the "Describe This Asset" screen
Then select "Other asset type" on the "Tell Us a Little More" screen
Entering the asset this way allows you to select the asset type and depreciation method.
This procedure should only be utilized if you do not need guidance from the program.
In TurboTax, you would enter the 50% option as a partial Section 179 election.
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March 13, 2024
6:54 AM