KMA-Tax
Level 2
12-06-2019
04:22 PM
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Solved! Go to Solution.
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George4Tacks
Level 15
12-06-2019
04:22 PM
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What depreciation code did you use? What time period? When put into service?
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
ryann
Level 1
12-06-2019
04:22 PM
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I am also getting this error for an item with 150% method and 2012 year of service...
George4Tacks
Level 15
12-06-2019
04:22 PM
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@ryann I can only ask what code you are using? Be sure it is a MACRS code and not just 150%DB. Look at the excellent answer ITONewbie gave.
Here's wishing you many Happy Returns
Here's wishing you many Happy Returns
itonewbie
Level 15
12-06-2019
04:22 PM
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For double declining balance method to be applied correctly under MACRS, you need to select "MACRS - #-year %...." # corresponds with the class life of the asset. Double declining balance is working fine with me.
If you are still getting an error message after trying this, please provide more info about what you have entered and where you see the error.
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Still an AllStar
Still an AllStar
qwertyui
Level 3
12-06-2019
04:22 PM
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thank you so much @itonewbie this is helpful!
itonewbie
Level 15
12-06-2019
04:22 PM
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YAVW, @abcdefg! Glad you find it helpful.
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Still an AllStar
Still an AllStar
