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We upgraded to version 2016.1 today. At the end of 2015, we were told this upgrade would reflect the tax law passed in December 2015 that resurrected bonus depreciation. Unfortunately, the software is still not calculating bonus depreciation on a luxury…

Bonus Depreciation on luxury autos. I have posted on this site regarding this issue before yet after 3 years, I still cannot get a straight answer. For a luxury auto placed in service in years with 50% bonus depreciation, the allowable section 168 bonus…