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TarunR
New Member

Not getting the option of electing special depreciation

Here are the steps that I followed

 

a) selected special depreciation for an S corporation with a $1Million asset purchase in 2018.

b) Looked at the return 

c) had second thoughts and redid the return with special depreciation not selected for all assets

 

I now want to select special depreciation but not getting that option.

 

Any help would be appreciated.

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3 Replies

Not getting the option of electing special depreciation

Enter Forms Mode (click the Forms icon in the upper right side of the screen).

 

In Forms Mode, click the SDA Elections form to open it and uncheck the box in the Economic Stimulus Property Smart Worksheet (see screenshot).

 

sda.png

Anonymous
Not applicable

Not getting the option of electing special depreciation

when you elected out for certain assets, the election out applied to all assets in that class such as 3 year, 5 year, 7 year,.  there is a special depreciation   election  worksheet among the forms SDA election.  type "elections" in search box - uncheck all boxes

 

 

 

Not getting the option of electing special depreciation


@Anonymous wrote:

type "elections" in search box - uncheck all boxes


I could not get any kind of sensible result by typing "elections" in the search box (i.e., no "Jump to..." link). I was able to get to the appropriate screen in Step-by-Step Mode (see screenshot) but I had to wade through several screens - it is actually easier to uncheck the one box in Forms Mode.

 

sda.png

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