Calculations for bonus depreciation qualified assets

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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.

Automatic calculation as qualified assets

The application automatically calculates the following:

…if the qualified assets depreciate as follows:

Forced calculation as qualified JCWA, JGTRRA, ESA, Recovery Act, SBJA, and TRA assets

The application is forced to calculate the following assets that were placed in service between 9/11/01 and 12/31/19 (or 12/31/09 for NYLZ nonres real and res rental) as qualified for bonus depreciation.

Forced calculation as qualified GO Zone assets

The application is forced to calculate the following assets as qualified for bonus depreciation if they were placed in service between 8/28/05 and 12/31/08 (and 12/31/11 for GO Zone nonres real and res rental).

Forced calculation as qualified Disaster Area assets

The application is forced to calculate the following assets as qualified for bonus depreciation if they were placed in service after 12/31/07.

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