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How do I put Bonus Depreciation
Hi,
I bought TurboTax Business 2023.
I have a rental property and I did some remodeling in 2023. I tried to add some assets that can be depreciation within 20 years to use "Bouns Depreciation". For example, kitchen cabinets, and carpet. Could anyone help me with that?
ps. I don't want to use the Section 179 deduction cause it's limited to "net business income". I searched the community but couldn't find the solution. Please help!!
Thanks.
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‎April 12, 2024
9:31 AM