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No Special Depreciation Allowance option
With TurboTax Business, Under Business Asset, I add a new asset. Sometimes, it would ask if I want to use Special Depreciation Allowance but other times there's no option for Special Depreciation Allowance for the exact same asset category. However, if I got to Forms (instead of step by step), I can goto Asset Entry Wks and manually select "Elect OUT of Special Depreciation Allowance" to NO. Is this a bug?
Also, how do I know what assets that I can use Special Depreciation Allowance other than 1st year placed in service?
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March 16, 2020
12:28 AM