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Level 3
December 7, 2019
Solved

I have a 27.5 asset that was not put on the books to depreciate until 10 years after its acquisitiion date (1988). It will no longer depreciate. How can I fix this?

  • December 7, 2019
  • 1 reply
  • 9 views
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Best answer by abctax55

Select "DB/SL" method instead of IRS tables (it's somewhere way down on the depreciation screen - I'm not at my computer) for just that asset, or change the Settings/Tax Return to "DB/SL instead of IRS tables. 

BUT if depreciation has been missed for ten years, there may be more things to discuss.

1 reply

abctax55
abctax55Answer
Level 15
December 7, 2019

Select "DB/SL" method instead of IRS tables (it's somewhere way down on the depreciation screen - I'm not at my computer) for just that asset, or change the Settings/Tax Return to "DB/SL instead of IRS tables. 

BUT if depreciation has been missed for ten years, there may be more things to discuss.

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