US Form 4562 report is not displaying the bonus amounts for assets with MACRS 40B HY & 60B HY
Summary:
We have a requirement to use Bonus rules for tax book assets. We are using the Oracle provided MACRS 30B HY, MACRS 50B HY and MACRS 100B HY depreciation methods. These are appearing correctly in the US Form 4562 report and the bonus amounts are segregated as per expectation.
However, since business also requires bonus rates of 40% and 60%, we have downloaded the MACRS depreciation methods from the following Oracle KB47065.
Link :-
However, these depreciation methods i.e MACRS 40B Hy & 60B HY are not being shown in the US Form 4562 report, with segregated bonus amounts.
Can you please advise how to fix this issue?
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