TurboTax elects OUT of Special Depreciation Allowance by default?

[ericbroder]

I have an equipment leasing  business, so all of my assets are capital assets subject to depreciation.  I didn't notice it last year, but this year I noted that TurboTax seems to elect NOT to take the Special Depreciation Allowance by default.  Granted, the economics of this business (at least in these early years) results in a "normal" (200% declining balance) depreciation amount in excess of my lease income, and electing the Special Depreciation Allowance would exaggerate that further.  But is it right that TurboTax defaults to elect not to take it?

[ColeenD3]

Please see the screen shot below. When adding an asset, you are give several options regarding how you choose to depreciate.

Not everyone is tax-savvy. This is a method of choosing that makes it easier to understand your choices.