Here's how to take 100% bonus depreciation on QIP.
Search for QIP in the search box, and follow
- Line 5- For the type of asset, choose Other
- Line 9a, economic stimulus property - check yes
- Line g, bonus - choose 100% depreciation
- Line 45, depreciation type - MACRS
- Line 46, asset class - 15
- Line 47, method - Straight Line
Here is a TurboTax article about depreciation of business assets.
