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Lacerte is not using the month placed in service to calculate depreciation in the last month. Lacerte is calculating a full year of depreciation in the 28th year. If placed in service in July - December, there should actually be some depreciation in tax year 29. But it will not calculate that.
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I assume you used method 85. What date was your item placed in service? What date did it sell? Did you indicate MM or HY?
Give the info below and I will check OR if you are sure Lacerte is wrong, you report it to them directly using Ctrl + L to open a ticket. Attach the return and indicate what is wrong and they can analyze your data.
Answers are easy. Questions are hard!
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Has this ever been fixed?
I don't think so, because I'm running into the same problem this year.
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Just override to the correct number and move on.
The more I know the more I don’t know.
