Assets that require an entry in the GO Zone/168(k) (force) field

The following types of assets require an entry in the
GO Zone/168(k) (force)
field in the
Other
tab. For information on each type, select the following links.
  • For an asset to be considered GO Zone nonresidential real & residential rental property for bonus depreciation, the following must be true.
    • The asset was placed in service between 8/28/05 and 12/31/11.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class hasn’t been elected out.
    • GO Zone nonres & res rental
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • For an asset to be considered Disaster Area nonresidential real & residential rental property for bonus depreciation, the following must be true.
    • The asset was placed in service after 12/31/07 for disasters declared after 12/31/07 and happening before 1/1/10.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class hasn’t been elected out.
    • Disaster Area nonres & res rental is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • When
    GO Zone leasehold improvement
    is selected in the
    GO Zone/168(k) (force)
    field, the asset is considered to be GO Zone leasehold improvement property.
  • When
    Disaster Area leasehold improvement
    is selected in the
    GO Zone/168(k) (force)
    field, the asset is considered to be Disaster Area leasehold improvement property.
  • For an asset to be considered qualified GO Zone extension property for bonus depreciation and additional section 179 expense, the following must be true.
    • The asset was placed in service between 1/1/08 and 12/31/11 to qualify for bonus depreciation and placed in service between 1/1/08 and 12/31/08 to qualify for the additional section 179 expense.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life).
    • GO Zone extension property
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • For an asset to be considered improvement property for section 168(k), the following must be true.
    • The asset was placed in service between 1/1/16 and 12/31/19.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life hasn’t been elected out.
    • Improvement property (168(k))
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • To
    force
    an asset to be considered Computer software (167) property for section 168(k), the following must be true.
    • The asset was placed in service between 9/11/01 and 12/31/14.
    • The asset is depreciating using any of the following methods, as long as the class hasn’t been elected out.
      • MACRS (except MACRS SL ADS Life or MACRS 150% ADS Life)
      • Straight Line
      • Amortization
      • Custom method
    • Computer software 167 (168(k))
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • For an asset to be considered Leasehold improvement property for section 168(k), the following must be true.
    • The asset was placed in service between 9/11/01 and 12/31/15.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life hasn’t been elected out.
    • Leasehold improvement (168(k))
      is selected in the
      GO Zone/168(k) (force)
      field on the asset's
      Other
      tab.
  • For an asset to be considered Water utility property for section 168(k), the following must be true.
    • The asset was placed in service between 9/11/01 and 12/31/14.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class hasn’t been elected out.
    • Water utility property (168(k))
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • For an asset to be considered New York Liberty Zone nonresidential real & residential rental property for section 168(k), the following must be true.
    • The asset was placed in service between 9/11/01 and 12/31/09.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class hasn’t been elected out.
    • NYLZ nonres & res rental
      is selected in the
      GO Zone/168(k) (force)
      field on the asset's
      Other
      tab.
  • When
    NYLZ leasehold improvement
    is selected in the
    GO Zone/168(k) (force)
    field, an asset is considered to be New York Liberty Zone leasehold improvement property.
    This type of property does
    not
    qualify for the section 168(k) 30% bonus depreciation.
  • When
    Prop not qualified (GO Zone/168(k)/168(n))
    has been selected in the
    GO Zone/168(k) (force)
    field in an asset's
    Other
    tab, the asset is considered to be property that isn't qualified for bonus depreciation.
  • Select the appropriate type of property from the
    GO Zone/168(k) (force)
    field in an asset's
    Other
    tab to force the calculation.
  • Select the proper type of property from the
    GO Zone/168(k) (force)
    field in an asset's
    Other
    tab to force the calculation.
  • For an asset to be considered QCBPP for bonus depreciation, the following must be true.
    • The asset was placed in service between 12/21/06 and 12/31/12.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life).
    • Cellulosic biofuel plant prop (QCBPP)
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
  • For an asset to be considered reuse and recycling for bonus depreciation, the following must be true.
    • The asset was acquired and placed in service after 8/31/08.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life hasn’t been elected out.
    • Reuse and recycling property
      is selected in the
      GO Zone/168(k) (force)
      field in the asset's
      Other
      tab.
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