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Calculation

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

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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.
Nonresidential real and residential rental property (GO Zone):
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.
Nonresidential real and residential rental property (Disaster Area):
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.
Leasehold improvement (GO Zone):
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.
Leasehold improvement (Disaster area):
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.
GO Zone extension 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.
Improvement property (168(k)):
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.
Computer software Code section 167 (168(k)) depreciated using a method other than Amortization
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 later.
  • 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.
note
For an asset to be considered computer software for GO Zone bonus depreciation,
167 - Computer software
 must be selected in the
Amortization section
 field in the asset's
Other
 tab. If this selection isn't chosen, you need to choose
Force to qualify 50% & 179 (GO Zone)
 from the
GO Zone/168(k) (force)
 field in the asset's
Other
 tab.
Leasehold improvement (168(k))
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.
Water utility property (168(k)):
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.
New York Liberty Zone nonresidential real and residential rental property:
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.
New York Liberty Zone leasehold improvement:
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.
Any property to be excluded (GO Zone/168(k)):
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.
note
If the
Used
 checkbox is marked at the top of the
Asset Detail
 window,
Property not qualified (GO Zone/168(k)/168(n))
 is automatically selected in the
GO Zone/168(k) (force)
 field.
note
Don’t enter this code to elect out of bonus depreciation for a class.
Property acquired before 1/1/06, but placed in service between 1/1/06 and 12/31/07 or acquired before 1/1/15, but placed in service between 1/1/15 and 12/31/15 (168(k)):
Select the appropriate type of property from the
GO Zone/168(k) (force)
 field in an asset's
Other
 tab to force the calculation.
note
See section 168(k), 168(n), and 1400L for further guidance.
Property acquired before 1/1/08, but placed in service between 1/1/08 and 12/31/08 (GO Zone):
Select the proper type of property from the
GO Zone/168(k) (force)
 field in an asset's
Other
 tab to force the calculation.
note
See section 168(k), 168(n), and 1400L for further guidance.
Qualified cellulosic biofuel plant property (QCBPP):
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.
Reuse and recycling property:
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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