Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Cannot get current year book depreciation to calculate, what am I missing?

avasquez1998
New Member

Hi, I am importing over 400 assets in lacerte 2021 for a client. 

My columns I am importing consist of category, description, purchase date, life, cost, prior accumulated depreciation, and depreciation method. 

Once fully imported, the book depreciation for the year will not calculate correctly for straight line as under the depreciation method "91", but it calculated using the federal depreciation methods selected in the screen after importing. 

What is it that I am missing ? 

0 Cheers
3 Comments 3
abctax55
Level 15

For "91" (straight line) to work, you do have to enter the number of years also.

HumanKind... Be Both
avasquez1998
New Member

So I did include a life column.. Is this what you mean? Or is there another way I can input the depreciation method to say the years? 

0 Cheers
abctax55
Level 15

Module?   Ind, Ptshp, etc

Year of software?

Edit.... I'm not sure you DO have to enter in the "book' area unless it's different.

The book info does have to be separately entered, part way down the page.

HumanKind... Be Both