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. But is it right that TurboTax defaults to elect not to take it?
