Why will Turbo Tax Business not allow 50% bonus depreciation on a new machine shed erected by a farm corporation?

 

Business & farm

"shed"  ?    If you mean a building then the 50% bonus depr is not allowed on them.   <a rel="nofollow" target="_blank" href="http://www.nolo.com/legal-encyclopedia/50-bonus-depreciation-likely-extended-2014.html">http://www.n...>

Business & farm

Ok ...then you must choose the correct section to get the bonus depreciation... just tested it & it works fine but READ every screen or you will miss the election ...

Business & farm

That option does not appear on my screens.  Are you in the individual or business program?  After going in circles again I got it to work.  Had to enter the building information again and then go back and change it to farm...that seemed to work.

Business & farm

Oh sorry ... I am in the SE version ... however you should have the same options.