Comment
Level 14

Being "placed in service" in November does not automatically mean MQ.  The MQ only applies if 40% of asset Basis was placed in service in the last quarter.

For new assets for the current year, ProSeries figures that out for us.  But when you enter a prior year asset, it assumes HY unless you tell it otherwise.

As Lisa said, if you go WAY down on the Asset Entry Worksheet, you can change it.