Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Form 990 Deprecation

Level 2

 I am working on a 990. They have purchased a new furnace, not sure what to categorize it under? G? 

0 Cheers
3 Comments 3
Level 15

Choose what you think is appropriate based on the descriptions that pop up.

For the record, according to current statistics there are currently zero tax preparers incarcerated for making a mistake on the life of an asset on a 990 return 😉

Ukraine - hang in there
Level 15

I don't know what G is, but you're not supposed to use MACRS.

Level 15

I don't have ProSeries open, but I'm pretty sure G stands for "good depreciation".

Ukraine - hang in there