Comment
01-22-2021
08:33 PM
01-22-2021
08:33 PM
Being "placed in service" in November does not automatically mean MQ. The MQ only applies if 40% of asset Basis was placed in service in the last quarter.
For new assets for the current year, ProSeries figures that out for us. But when you enter a prior year asset, it assumes HY unless you tell it otherwise.
As Lisa said, if you go WAY down on the Asset Entry Worksheet, you can change it.