Do you know how to use 5 yr and 15 yr depreciation assets in Turbo Tax for properties that were purchased before 202,1 so that the full amount spent on these assets can be taken as bonus appreciation for the 2021 tax year?
When I input these items in turbo tax, it automatically spreads the deduction over 5 years or 15 years respectively for properties bought before 2021. For properties bought in 2021, it works just fine and I can take the full amount as bonus appreciation for 2021.
