Special depreciation Election to Forgo

[joelgilb]

Have a start-up S-Corp with large loss and large asset purchase. Shareholders want to reduce the loss by forgoing the Special Depreciation

I see where to make the election on the election statement but how (short of overriding) do I turn off the special depreciation calculation in the asset entry form for all assets.

Or do I have to do it asset by asset in the input?

[RoyDaleOne]

Goto Asset Entry

The tab Global Settings (Mine is at the bottom of the screen)

The last choice on the screen

[joelgilb]

Thx

I knew there was a box somewhere without manually changing each of almost 100 assets, just couldn't find it