BLACK BART Posted February 25, 2020 Report Share Posted February 25, 2020 Schedule E client bought a heater for $2,000 and in the fixed asset screen section ATX automatically plugs the whole $2K in the special allowance box and writes it off in full. I don't need or want fast depreciation this year and thought that 179 was not allowed on rental house furnishings. Is the 100% special allowance not considered a form of 179 and must be taken on all equipment regardless? Quote Link to comment Share on other sites More sharing options...
grandmabee Posted February 25, 2020 Report Share Posted February 25, 2020 It is bonus depreciation and allowed on rentals. You can opt out and do regular depreciation. use the options tab on fixed assets 2 Quote Link to comment Share on other sites More sharing options...
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