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Why will Turbo Tax Business not allow 50% bonus depreciation on a new machine shed erected by a farm corporation?
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June 6, 2019
3:10 AM
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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...>
June 6, 2019
3:10 AM
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Business & farm
<a rel="nofollow" target="_blank" href="http://www.sapphirebuilds.com/farm-buildings-bonus-tax-depreciation-thru-2019/">http://www.sapphireb...>
June 6, 2019
3:10 AM
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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 ...
June 6, 2019
3:10 AM
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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.
June 6, 2019
3:10 AM
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Oh sorry ... I am in the SE version ... however you should have the same options.
June 6, 2019
3:10 AM