Electing out of bonus depreciation for all assets in a client

Alerts and notices

You can use the Template Client to elect out of bonus depreciation for all clients in Fixed Assets CS.

Follow these steps to use the Template Client in Fixed Assets CS.

  1. Choose Setup > System Configuration.
  2. Click the Template tab.
  3. Click the Setup > Options button.

The Options dialog will open. You can make your Bonus Depreciation Elections here. After you have made the proper elections, click OK and then click Update Clients.

For more information on using the Template Client see Setting up a template client.

Note: UltraTax CS has the capability to elect out of Bonus Depreciation for all assets in a client, but does not provide a way of electing out of Bonus Depreciation for all assets in all clients. This can only be done on a client-by-client basis using the steps listed above.