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How to Elect Out of Bonus Depreciation


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Is there somewhere in ATX that i can "click" to make the election to opt out or do i have to type up a memo myself? anyone know?

Elections statement has a Deprec and Amort tab that has election to not claim first-year special depreciation for 3,5,7,10,15,20,27.5,39, and all property. Click "add forms" and type elections in the find box.

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Is there somewhere in ATX that i can "click" to make the election to opt out or do i have to type up a memo myself? anyone know?

On the Asset Entry tab, go to Global Settings. There you can select the appropriate election, which will then also pull in the Elections tab with the appropriate election selected.

Did I use the words select, appropriate, and election enough times in that sentence to confuse you???

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