Equipment
Equipment, section 179, and bonus
- Description and cost
- Placed-in-service date
- Business-use percentage
- New or used, and whether the seller is a related party
- Other section 179 property already considered this year
- Taxable income limitation is the CPA's computation, not this checklist
- Do not mark an election. Record the candidate and the missing facts.
Related-party purchases stay flagged. The books screen already surfaces that flag. Nothing here applies section 179 or bonus.