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Deductions & credits
Equipment is 7 year property so either you leave it at 7 years OR take a 179 deduction for all/part of the cost OR use the 100% bonus depreciation. Save a PDF of the return and take a look at the form 4562 to see what the program has already taken ... unless you opted out of the bonus depreciation that is what is automatically taken.
‎February 5, 2023
10:16 AM