I have a 1120C FYE 10/31/19. This is a new to us client for 2018 tax year. They have a new asset 5/1/19 that is not showing on the depreciation schedule. I am getting a "depreciable assets acquired in future year" diagnostic.  I've click the "future asset to list on depreciation reports" on misc depreciation input. Then it shows but won't take depreciation. I can force this year amount, it shows on pg 1 but it doesn't show on form 4562.

it seems that the depreciation is calculating based on calendar year not fiscal year end.

any suggestions? I was on with Lacerte support, they took copy of the file, at end of day basically said, sorry call back & talk to another rep.. with no fix.