Depreciation of heavy SUV

[lili234]

Where do I enter the bonus depreciation from 1120S on my personal tax - I am using home and business to do my personal.

[JamesG1]

Bonus depreciation amount is totaled in the Ordinary business income (loss) line 1 and is not separately stated as is Section 179 deduction.

So a five year asset for $5,000 may  report $2,000 in depreciation in the first year and the Ordinary business income (loss) reported may be $10,000.

If the five year asset for $5,000 reports all $5,000 in special or bonus depreciation, the Ordinary business income (loss) reported would change by the additional $3,000 and would now report $7,000.

@lili234