§179/Bonus Details Window

Check this box if the asset is qualified §179 property. If the box is checked, then the Zone Type and §179 Amount fields are enabled, and the Pre-ACRS Bonus field is disabled. If the box is unchecked, then the Zone Type and §179 Amount fields are disabled, and the Pre-ACRS Bonus field is enabled.

For real property types (R, S, C, E and F), the box is unchecked by default because not all real property qualifies for Section 179. If you elect to take Section 179 on Qualifying Real Property during a tax year, check this box for all such qualified property placed in service during the same tax year, so the correct Section 179 Threshold amount is calculated.

For 2010 to 2017 tax years, use this field to specify the type of real property that is eligible for a Section 179 expense deduction. Select one of these options:

• Qualified leasehold improvement
• Qualified restaurant property
• Qualified retail improvement

The total cost of each asset and total Section 179 elected for each class of real property appears on the attachment, along with the election, when you run the Form 4562 - Depreciation and Amortization report.

For 2018 and later tax years, this field is unavailable and defaulted to “Qualified real property” when the Qualified §179 Property box is checked for real property.

If the property is personal property, this field is unavailable and the application displays "Tangible personal and other property" in this field.