rose1
Level 2
12-01-2020
01:14 PM
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added two items on depreciation schedule one purchased in april one in Oct. Should use MQ calculation since 40% of total purchase is in Oct but program is using HY. Is there a potential error in the program
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IRonMaN
Level 15
12-01-2020
01:44 PM
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"Is there a potential error in the program"
Yeah, there is a potential for lots of errors this early in the life of the program.
Slava Ukraini!
IRonMaN
Level 15
12-01-2020
01:51 PM
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As a side note, did you elect out of bonus depreciation?
Slava Ukraini!
TaxGuyBill
Level 15
12-01-2020
01:51 PM
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Is this on a 1040? What asset types/categories are the two assets?
If you give us all of the pertinent information, one of use can see if we can recreate it on our software to see if we can troubleshoot it.
