Depreciation: Choosing to not calculate bonus depreciation for a single asset

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To not calculate bonus depreciation for one asset, do the following:

  1. If you are in UltraTax CS, click the Asset tab. If you are in Fixed Assets CS, proceed to step 2.
  2. Click Modify to open the asset.
  3. Click 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 for bonus depreciation on an asset-by asset basis does not trigger the corresponding election statement to print.

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Choosing bonus depreciation elections

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