JCWA/JGTRRA/ESA/Recovery Act/SBJA/TRA/TCJA bonus depreciation

Qualified assets

The application calculates the section 168(k) bonus depreciation deduction for qualified assets. Note that for some qualified assets, you'll need to access the asset's
Other
tab and select the proper code in the
GO Zone/168(k) (force)
field.

Compliance with bonus depreciation

Compliance with bonus depreciation is determined on a treatment-by-treatment basis. By default, all treatments—except Book
and some state
treatments—comply with bonus depreciation. When a treatment doesn't comply, the bonus depreciation deduction doesn't calculate for that treatment.

Electing out a class

Any class can elect out of the bonus depreciation deduction. The current and previous depreciation for all qualified assets is affected by the election status of the class by which they are depreciating.

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