Sample 1065 tax return4/11/2023 IRC section 168(b)(2)(D) election to use the 150% declining balance method instead of the 200% declining method in calculating the deduction for 5-year property placed in service for the tax year ending and covering all such property placed into service during the tax year. IRC section 168(b)(2)(D) election to use the 150% declining balance method instead of the 200% declining method in calculating the deduction for 3-year property placed in service for the tax year ending and covering all such property placed into service during the tax year. IRC section 168(g)(7) election to use the Alternative Depreciation in calculating the deduction for personal property with no assigned class life placed in service for the tax year ending and covering all such property placed into service during the tax year. Note: Use Screen Elect in the Elections folder to enter information for the transferee corporation and property transferred for this election.
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