Electing out of bonus depreciation for a single asset

Alerts and notices

To elect out of calculating bonus depreciation for a single asset, do the following steps.

  1. If you are in UltraTax CS, click the Asset tab. If you are in Fixed Assets CS, proceed to step 2.
  2. Click the Modify button to open the asset.
  3. Open the Other tab.
  4. From the Go Zone/168(k) (force) field, select Prop not qualified (GO Zone/168(k)/168(n)).
  5. Click Done.

Note: Marking an asset as not qualified for bonus depreciation is not the same as electing out of bonus depreciation. Marking an asset as not qualified will not trigger the corresponding election statement to print.