Steve118
Returning Member

Special Depreciation Allowance Not Available

I'm using Turbo Tax Home and Business.  When inputting assets to depreciate from the home office, the program didn't ask if I wanted to use the 100% depreciation option allowed under Special Depreciation.  When Turbo Tax reviewed the return at the end, it asked me to fill-in the Special Depreciation Allowance box on the form but offered no guidance as to what I might input - just a blinking space to fill in.  I tried inputting the full cost of the item but the tax bill went up, not down as one would expect.  Is this a program glitch?  Bottom line - how do I take advantage of special depreciation this year?  Thanks.