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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Fixed Assets CS automatically calculates the bonus depreciation deduction for treatments that comply with each type of bonus for:

• Assets placed in service between 9/11/01 and 12/31/04 or 1/1/08 and 12/31/26
• Assets marked as located in the GO Zone between 8/28/05 and 12/31/07
• Assets marked as located in a Disaster Area and placed in service after 12/31/07 for disasters declared after 12/31/07 and occurring before 1/01/10

...if the assets depreciate:

• Over 20 years or less using any MACRS method (other than MACRS SL ADS Life or MACRS 150% ADS Life), as long as the MACRS class life has not been elected out.
• Using Amortization with 167 - Computer Software selected in the Amortization section field on the asset's Other tab, as long as Computer Software 167 (168(k)) has not been elected out.

For some qualified assets, you need to enter a bonus depreciation type.

To force the property to calculate (or not calculate) the bonus depreciation deduction, perform the following steps.

1. Open the Asset List window for an activity.
2. In the Asset List window, double-click the asset for which you want to force a GO Zone/168(k) code.
3. In the Asset Detail dialog, click the Other tab.
4. In the GO Zone/168(k) (force) field, select the appropriate type of property. For details on each bonus type, see the overview of the GO Zone/168(k) (force) field.
5. Click Done to return to the Asset List window.

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