TaxGuyBill
Level 15

@jimskime wrote:

Gee whiz, I should have been more specific. I'm not looking for tax advice. I did not sit for the CPA exam in 1932 like one wise guy, but it was many years ago. What I'm looking for is a technical way within Lacerte to depreciate the remaining balance of an asset using straight line depreciation over 20 years. 

This was a mechanical question, not a tax question.


 

So you are saying you want to know how to override Lacerte so you can do things that are contrary to tax law?   Seriously?  And you stating that in a public forum?

As was stated above several times, you can't use Salvage Value or pick-and-choose how you want to do things.  Mostly like you need to file Form 3115 to correct and adjust things to tax law.