How to expense remaining basis for Sec 174 assets

Question

We have software placed in service between 2022 and 2024 that have unamortized basis as of 2025. How can we immediately deduct the remaining basis in 2025 under OBBBA? 
 I've tested changing the depreciation method, life, and beginning date, beginning YTD, and beginning accum information but nothing seems to work as expected. 
 Thanks for the help.

Delray · Accepted Answer

Hello Travis, 
 Are you talking amortized, a.k.a. Property type Z, assets? If that&rsquo;s the case, and since most of the Tax rules I was worried about would not apply, then all you need to do is change the method to a remaining life method (RV, RH or RM) and adjust the life accordingly. 
 See How to fully depreciate an under depreciated asset for details and there is an Excel file attached which will help calculated the life changes needed. 
 Without the details of the asset, one at a time, it is impossible to be more precise. 
 ~Delray

Delray · Answer

Hello Travis, 
 I am unaware of any changes made for 2022 &ndash; 2024 assets which would reduce the basis to zero. Assets Placed-in Service after 1/19/2025 can now take the 100% 168 allowance if you have the 2026.1 version installed, but I have not heard of any changes to assets Placed-in Service prior to 1/20/2025. 
 Do you have any documentation about changes for assets Placed-in Service prior to 1/20/2025? 
 ~Delray

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How to expense remaining basis for Sec 174 assets

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