LSTAX
Level 4
11-04-2020
03:50 PM
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I am working on a 2019 990 with fiscal year end of 6/30/2020. They bought a car in February 2020 which falls in the fiscal year. Lacerte is not calculating depreciation most likely since the program is for tax year 2019. Shouldn't part IX Statement of Functional Expenses include depreciation for the fiscal year including the months from Feb - June 2020?
Thank you
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