dasnowball
Level 3
08-04-2020
03:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Rev Proc 2020-25 changed the depreciation of qualified retail leasehold improvements from 39 yr to 15 yr life. When I try to amend the 2018 and 2019 returns and I select J2 for QRLI it still calculates the depreciation over 39 years. Has anyone figured out how to correct this without doing an override?
Thanks
Dorothy Ann Snowball
Best Answer Click here
Labels