Troy the Tax Whisperer
Level 2
11-13-2024
08:19 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you George4Tacks, I really appreciate your response. The solution you suggest gets us pretty close to the correct depreciation, but it is not exact, and will be off considerably in future years since it should be using MACRS which isn't spread evenly. ProConnect Support also suggested some manual workarounds, but we aren't happy with this since they would need to be manually input for the next six years. Ideally we are looking for ProConnect to be able to identify the new asset placed in service, recognize the Florida return, and automatically calculate this year and future years, just as it does with the other states.