How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

posted

Connect with an expert

1 Best answer

Accepted Solutions

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

No, this does not apply to you. Adjustment for Bonus Depreciation refers to businesses or rentals that are depreciating their assets.

Related information: What is bonus depreciation - TurboTax Support

View solution in original post

2 Replies

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

No, this does not apply to you. Adjustment for Bonus Depreciation refers to businesses or rentals that are depreciating their assets.

Related information: What is bonus depreciation - TurboTax Support

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

Any clue why employer would put 'depreciation' as the memo on an employees bonus check?

Still have questions?

Make a post

Manage cookies

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

Get more help

Do you have a TurboTax Online account?

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

Do you have an Intuit account?

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

How do I know if the Adjustment for Bonus Depreciation applies to me? I get a bonus each year. Does that mean this applies to me? I've never done my own taxes before.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert