Bonus Depreciation Not An Option in TurboTax Business

[Jenland1980]

Hello - 

I am using TurboTax for Business 2018, and the program is not giving me an option to take bonus depreciation. The business has a loss, so I know section 179 is not an option, but I think I should be able to take bonus depreciation on new equipment purchases. TurboTax is only letting me choose between section 179 or regular depreciation over many years. Help!

[tagteam]

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@Jenland1980 wrote:

...TurboTax is only letting me choose between section 179 or regular depreciation over many years.

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If you choose not to take the Section 179 deduction (i.e., to spread the deduction over several years), you should see the special depreciation allowance option on the next screen (after hitting the Continue button).