In TurboTax 2025 when entering an asset in Sch F, the application does not appear to allow Bonus Depreciation at 100%. The application limits the Bonus depreciation to 40%, which was the allowed percentage in previous tax law prior to the OBBB revisions. The new OBBB reinstated 100% depreciation deduction. Please confirm TurboTax 2025 status on this matter.
The application was just updated and this section made available today.
Thanks.
