KMA-Tax
Level 2
12-06-2019
04:22 PM
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Best Answer Click here
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George4Tacks
Level 15
12-06-2019
04:22 PM
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What depreciation code did you use? What time period? When put into service?
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
ryann
Level 1
12-06-2019
04:22 PM
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I am also getting this error for an item with 150% method and 2012 year of service...
George4Tacks
Level 15
12-06-2019
04:22 PM
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@ryann I can only ask what code you are using? Be sure it is a MACRS code and not just 150%DB. Look at the excellent answer ITONewbie gave.
Answers are easy. Questions are hard!
Answers are easy. Questions are hard!
itonewbie
Level 15
12-06-2019
04:22 PM
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For double declining balance method to be applied correctly under MACRS, you need to select "MACRS - #-year %...." # corresponds with the class life of the asset. Double declining balance is working fine with me.
If you are still getting an error message after trying this, please provide more info about what you have entered and where you see the error.
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qwertyui
Level 3
12-06-2019
04:22 PM
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thank you so much @itonewbie this is helpful!
itonewbie
Level 15
12-06-2019
04:22 PM
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YAVW, @abcdefg! Glad you find it helpful.
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Still an AllStar
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