https://ttlc.intuit.com/community/business-taxes/discussion/depreciation/01/2005136#M66665 <P>how do I take 100% bonus depreciation on QIP.&nbsp; I only see the Sec 179 option</P> Sun, 28 Feb 2021 21:18:21 GMT jmike1947 2021-02-28T21:18:21Z https://ttlc.intuit.com/community/business-taxes/discussion/depreciation/01/2005136#M66665 <P>how do I take 100% bonus depreciation on QIP.&nbsp; I only see the Sec 179 option</P> Sun, 28 Feb 2021 21:18:21 GMT https://ttlc.intuit.com/community/business-taxes/discussion/depreciation/01/2005136#M66665 jmike1947 2021-02-28T21:18:21Z https://ttlc.intuit.com/community/business-taxes/discussion/re-depreciation/01/2018743#M67036 <P>Here's how to take 100% bonus depreciation on QIP.</P> <P>Search for QIP in the search box, and follow&nbsp;</P> <P>&nbsp;</P> <UL> <LI>Line 5- For the type of asset, choose Other</LI> <LI>Line 9a, economic stimulus property - check yes</LI> <LI>Line g, bonus - choose 100% depreciation</LI> <LI>Line 45, depreciation type - MACRS</LI> <LI>Line 46,&nbsp;asset class - 15</LI> <LI>Line 47, method - Straight Line</LI> </UL> <P>&nbsp;</P> <P><A href="https://turbotax.intuit.com/tax-tips/small-business-taxes/depreciation-of-business-assets/L4OStLQEL" target="_blank">Here is a TurboTax article</A> about depreciation of business assets.</P> Wed, 03 Mar 2021 00:09:57 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-depreciation/01/2018743#M67036 ReneeM7122 2021-03-03T00:09:57Z