I have an equipment leasing business, so all of my assets are capital assets subject to depreciation. I didn't notice it last year, but this year I noted that TurboTax seems to elect NOT to take the Special Depreciation Allowance by default. Granted, the economics of this business (at least in these early years) results in a "normal" (200% declining balance) depreciation amount in excess of my lease income, and electing the Special Depreciation Allowance would exaggerate that further. And I did not find that there is a restriction limiting it to net profit as there is with Section 179. But is it right that TurboTax defaults to elect not to take it?
