JNW1
Level 1
02-28-2025
04:42 PM
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Check out the section "Fiscal and Short Year Filers." in the Tax Help for the asset entry worksheet.
"If the current tax year is a short tax year beginning on any day other than January 1, calculations assume that all prior tax years were fiscal years. If prior short tax year(s) are included in an asset's actual life history (service life), depreciation calculated by the program will need to be adjusted."