Select special depreciation allowance
A 30% special depreciation allowance is allowed for certain property placed in service after 9/10/2001, 50% allowance allowed for post 5/5/2003, 100% allowance for post 9/8/2010, and 40% allowance for post 12/31/2017.
To select this special depreciation allowance:
- InAsset Detail, go to theSpecial Depreciation Allowance under 168(k)section.
- In theSpecial Depreciation Allowance and ITC typefield, select the appropriate allowance on post 9/10/2001 assets.
- Enter the basis reduction, if needed.
- Select the option for the asset not to be eligible for special depreciation (AMT adjustment computation applies for assets placed in service after 12/31/2015). This'll calculate the special allowance deduction for any selected qualifying asset.
