Skip to main content
Depreciation
Search
Search UltraTax CS Support Help and Support.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary,990 Exempt Organization
  • Subject: Depreciation

Indicate qualified restaurant property is eligible for bonus depreciation

Qualified restaurant property is only eligible for bonus depreciation if the restaurant property is also considered qualified leasehold improvement property.
Do the following to indicate that qualified restaurant property is a qualified leasehold improvement:
  1. Use the Method Life Wizard and select
    Leasehold improvement (qualified)
    .
  2. Select
    Other
    tab in the asset detail, then select
    Leasehold improvement (16(k))
     in the
    Go Zone/16 (k)(force)
     field.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close