On the 4562 screen, choose the applicable QRP from the Qualified nonresidential property drop list in the middle-right section of the screen:

• A – Qualified leasehold improvement property

• B – Qualified restaurant property

• C – Qualified retail improvement property

• D – Qualified Improvement Property​ (placed in service after 2017)

If the QRP basis is more than the max allowed, you must select the applicable Method (such as SL, M, etc.) instead of EXP and enter the expensed amount in the 179 expense elected this year field. An EF Message alerts you of this requirement (1143 in an 1120, 5623 in a 1040, and 1043 in a 1065).

See Tax Topic 704 for more information.