Hello,
I am entering depreciable assets on my rental property (personal 2017 - Sept 2023, rental Oct 2023 - current) and for some of the items I am receiving a message that this "asset qualifies for a Special Depreciation deduction. This may affect your state deduction. Do you want to take this deduction?"
1.) Why is this showing only for some of the 200DB 5 year Depreciated assets?
2.) Why would you not want to take this deduction?
3.) In getting more information about the state deduction I am seeing that Wisconsin is one of the states that conformed to the Federal 2008 Stimulus Bonus Depreciation: Special Depreciation Allowance. What does this mean in how I need to complete my state taxes?
Thank You
