2023 Bonus not showing in Current YTD for some assets

Question

Why is bonus not showing in current YTD for some of my assets that were placed in service for 2023? has anyone see this?

Delray · Answer

Hello Lauren, 
 The bonus is a reduction of the depreciable basis, not a calculation of the depreciation. 
 If you are looking at the asset details, the 168 Allowance Amount field will hold that reduction. 
 If you are looking at a report, by default it does not appear in the YTD column, but it can show up there if, in the Edit Company, you check the box to Include Sec. 168 Allowance and Sec. 179 in expense . 
 ~Delray

Delray · Answer

The 168 does not appear as YTD, only any calculated amount would appear in the YTD field. If you are seeing something else in the asset details, I would need to see that. 
 ~Delray

Delray · Answer

Hello Lauren, 
 Ok, if these are Property Type A assets, the 168 amount is not hitting the limit so it is calculating depreciation on the remaining basis which is why you are seeing a YTD of these. The same would be true for all other assets since the 168 amount is 80%, there is some amount available to do a further calculation after the 168 allowance reduces the basis. 
 ~Delray

Delray · Answer

And now there appears there is going to be a change, see Keeping you informed: Proposed 2024 tax law changes which is just bound to make things interesting. 
 ~Delray

PIS Date	acq value	method	life	Salv/168/179	Depr Basis	Prior Thru	Prior Accum Depr	Current YTD Depr	current acuum Depr
07/01/23	5070.32	ma200	5	4056.26	1014.06		0	144.87	4201.13
07/01/23	10,934.30	ma200	5	8747.44	2186.86		0	9059.85	9059.85

Sage Fixed Assets

2023 Bonus not showing in Current YTD for some assets

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