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Level 2
February 8, 2023
Question

SDA depr for 2023

  • February 8, 2023
  • 1 reply
  • 7 views

We are entering assets for clients into the depreciation software for 2023 as the assets are purchased in 2023.  We provide the monthly depr amounts to booked on their GLs.

When we enter an asset purchased in 2023 and drop down the SDA arrow, the 80% option is not available.

Is the 80% rule for 2023 purchases not up to date?

Thanks

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1 reply

Level 15
February 8, 2023

It certainly seems to be the case.

The general rule is that Intuit only programs their software after a final IRS Publication or Instructions have been released.  So it could be a long wait until they update it.

 

MMRoanokeAuthor
Level 2
March 31, 2023

Has there been any updates to the 2023 calculation of the SDA at the 80% rate?  Appears the drop down is still only at 100%, not the 80% under current law for the year 2023.

Thank you.