I've entered a computer on the Asset Entry Worksheet which was purchased 09-04-20 for $871 and it is not calculating any depreciation $0. The asset life history shows basis of $871 and depreciable basis of $0 with 200DB and 5 yr Life. Is there a glitch with the software?
Then it could be a glitch. I read the TurboTax is having some problems with depreciation not calculating, and the tax-programming of ProSeries uses the same 'tax engine' and TurboTax, so it could be the same problem.
You could test a few things out if you want:
- Delete the Asset Entry Worksheet and enter it again.
- Enter the same information for a Schedule C. Does it work? If so, keep the Asset Entry Worksheet and 'move' it to the 2106 (it is one of the options in the top menu bar).
- Go through the error check/review to see if some weird error is holding it up.