Assets that require an entry in the GO Zone/168(k) (force) field

Alerts and notices

The following types of assets require an entry in the GO Zone/168(k) (force) field in the Other tab. For information on each type, click the following links.

  • Nonresidential real and residential rental property (GO Zone)

    For an asset to be considered GO Zone nonresidential real & residential rental property for bonus depreciation, the following must be true.

    • The asset was placed in service between 8/28/05 and 12/31/11.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class has not been elected out.
    • GO Zone nonres & res rental is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • Nonresidential real and residential rental property (Disaster Area)

    For an asset to be considered Disaster Area nonresidential real & residential rental property for bonus depreciation, the following must be true.

    • The asset was placed in service after 12/31/07 for disasters declared after 12/31/07 and occurring before 1/1/10.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class has not been elected out.
    • Disaster Area nonres & res rental is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • Leasehold improvement (GO Zone)

    When GO Zone leasehold improvement is selected in the GO Zone/168(k) (force) field, the asset is considered to be GO Zone leasehold improvement property.

  • Leasehold improvement (Disaster area)

    When Disaster Area leasehold improvement is selected in the GO Zone/168(k) (force) field, the asset is considered to be Disaster Area leasehold improvement property.

  • GO Zone extension property

    For an asset to be considered qualified GO Zone extension property for bonus depreciation and additional section 179 expense, the following must be true.

    • The asset was placed in service between 1/1/08 and 12/31/11 to qualify for bonus depreciation and placed in service between 1/1/08 and 12/31/08 to qualify for the additional section 179 expense.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life).
    • GO Zone extension property is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • Improvement property (168(k))

    For an asset to be considered improvement property for section 168(k), the following must be true.

    • The asset was placed in service between 1/1/16 and 12/31/19.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life has not been elected out.
    • Improvement property (168(k)) is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • Computer software Code section 167 (168(k)) depreciated using a method other than Amortization

    To force an asset to be considered Computer software (167) property for section 168(k), the following must be true.

    • The asset was placed in service between 9/11/01 and 12/31/14.
    • The asset is depreciating using any of the following methods, as long as the class has not been elected out.
      • MACRS (except MACRS SL ADS Life or MACRS 150% ADS Life)
      • Straight Line
      • Amortization
      • Custom method
    • Computer software 167 (168(k)) is selected in the GO Zone/168(k) (force) field in the asset's Other tab.

    Note: For an asset to be considered computer software for GO Zone bonus depreciation, 167 - Computer software must be selected in the Amortization section field in the asset's Other tab. If this selection is not chosen, you must choose Force to qualify 50% & 179 (GO Zone) from the GO Zone/168(k) (force) field in the asset's Other tab.

  • Leasehold improvement (168(k))

    For an asset to be considered Leasehold improvement property for section 168(k), the following must be true.

    • The asset was placed in service between 9/11/01 and 12/31/15.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life has not been elected out.
    • Leasehold improvement (168(k)) is selected in the GO Zone/168(k) (force) field on the asset's Other tab.
  • Water utility property (168(k))

    For an asset to be considered Water utility property for section 168(k), the following must be true.

    • The asset was placed in service between 9/11/01 and 12/31/14.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class has not been elected out.
    • Water utility property (168(k)) is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • New York Liberty Zone nonresidential real and residential rental property

    For an asset to be considered New York Liberty Zone nonresidential real & residential rental property for section 168(k), the following must be true.

    • The asset was placed in service between 9/11/01 and 12/31/09.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class has not been elected out.
    • NYLZ nonres & res rental is selected in the GO Zone/168(k) (force) field on the asset's Other tab.
  • New York Liberty Zone leasehold improvement

    When NYLZ leasehold improvement is selected in the GO Zone/168(k) (force) field, an asset is considered to be New York Liberty Zone leasehold improvement property.

    This type of property does not qualify for the section 168(k) 30% bonus depreciation.

  • Any property to be excluded (GO Zone/168(k))

    When Prop not qualified (GO Zone/168(k)/168(n)) has been selected in the GO Zone/168(k) (force) field in an asset's Other tab, the asset is considered to be property that is not qualified for bonus depreciation.

    Note: If the Used checkbox is marked at the top of the Asset Detail dialog, Property not qualified (GO Zone/168(k)/168(n)) is automatically selected in the GO Zone/168(k) (force) field.

    Do not enter this code to elect out of bonus depreciation for a class. Instead, see Choosing bonus depreciation elections.

  • Property acquired before 1/1/06, but placed in service between 1/1/06 and 12/31/07 or acquired before 1/1/15, but placed in service between 1/1/15 and 12/31/15 (168(k))

    Select the appropriate type of property from the GO Zone/168(k) (force) field in an asset's Other tab to force the calculation.

    Note: See section 168(k), 168(n), and 1400L for further guidance.

  • Property acquired before 1/1/08, but placed in service between 1/1/08 and 12/31/08 (GO Zone)

    Select the appropriate type of property from the GO Zone/168(k) (force) field in an asset's Other tab to force the calculation.

    Note: See section 168(k), 168(n), and 1400L for further guidance.

  • Qualified cellulosic biofuel plant property (QCBPP)

    For an asset to be considered QCBPP for bonus depreciation, the following must be true.

    • The asset was placed in service between 12/21/06 and 12/31/12.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life).
    • Cellulosic biofuel plant prop (QCBPP) is selected in the GO Zone/168(k) (force) field in the asset's Other tab.
  • Reuse and recycling property

    For an asset to be considered reuse and recycling for bonus depreciation, the following must be true.

    • The asset was acquired and placed in service after 8/31/08.
    • The asset is depreciating using any MACRS method (except MACRS SL ADS Life or MACRS 150% ADS Life), as long as the class life has not been elected out.
    • Reuse and recycling property is selected in the GO Zone/168(k) (force) field in the asset's Other tab.