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depreciation calculations in the 2020 program doesn't seem to be working correctly

rose1
Level 2

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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3 Comments 3
IRonMaN
Level 15

"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.


Ukraine - hang in there
IRonMaN
Level 15

As a side note, did you elect out of bonus depreciation?


Ukraine - hang in there
TaxGuyBill
Level 15

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.