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The system is still using 2019 limit rates when taking 100% bonus for auto depreciation. 2019 auto depreciation was limited at $14,900, but 2020 is limited at $18,100. Found a question showing same issue from last year, so I was able to work around it for now. Can you please update software to fix this? Thank you!
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Can you please update software to fix this? Thank you!
Nope... since we are just fellow Intuit customers.
You'll need to contact tech support to report any software errors so they can talk to the programmers so they can rewrite the software so Intuit can do an update.
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This is posted in the EasyACCT section, which is Accounting/Bookkeeping/Payroll. Not Tax Prep.
Don't yell at us; we're volunteers
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@jkilbride wrote:
2019 auto depreciation was limited at $14,900, but 2020 is limited at $18,100.
The first-year limit is $18,100 for both 2019 and 2020.
If it is limiting it to $14,900, something is really wrong ... unless there is personal use?
