JCWA / JGTRRA / ESA / Recovery Act / SBJA / TRA bonus depreciation

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Qualified assets

The application calculates the section 168(k) bonus depreciation deduction for qualified assets. Note that for some qualified assets, you need to access the asset's Other tab and select the appropriate code in the GO Zone/168(k) (force) field.

Compliance with bonus depreciation

Compliance with bonus depreciation is determined on a treatment-by-treatment basis. By default, all treatments - except Book and some state treatments - comply with bonus depreciation. When a treatment does not comply, the bonus depreciation deduction does not calculate for that treatment. For more information, see the following topics.

Electing out a class

Any class can elect out of the bonus depreciation deduction. The current and prior depreciation for all qualified assets is affected by the election status of the class by which they are depreciating. For more information, see Choosing bonus depreciation elections.

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