Comment
Level 1

I have done this step. Unfortunately, in the prior year program, the 2021 partnership program, I had made a blanket election to not claim bonus depreciation on all classes of property.  While Lacerte tech support understands that this is an annual election, it is being carried forward to the new year.  Because I had done the blanket election for 2021, there is no specific asset which contains the election code (yes, they have viewed me checking for the second time every single asset in the list of over 700 assets).

The only way to resolve it per Lacerte tech support is to copy the prior year return (client) and then remove the election (and of course override the current bonus depreciation to not calculate by entering "2" in the yes or no to bonus depreciation override).  Then, proforma the copy and reenter the return.  That's not a viable option for me as the return is complete and extensive.  I am asking Lacerte to simply create an override for the one page election statement which will incorrectly be included in the return.