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

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

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 Modifying a treatment's compliance with bonus depreciation.

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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