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

less than 100% usage on an asset being depreciated

clwwcpa
Level 1

I am trying to enter an asset that has 85% business usage.  I can not figure where to put the percentage 

Thanks

0 Cheers
4 Comments 4
Camp1040
Level 10

If the percentage will not change, then click on the cost basis line and show your calculation for the 85% business on the supporting statement. If the business use changes such as a vehicle then my method won't work.

What type of asset? 

0 Cheers
clwwcpa
Level 1

Computer

0 Cheers
puravidapto
Level 7

For the depreciation input, you have the option to enter the business percentage in the designated field. Alternatively, you can enter the final result directly and document the calculation in the software (which the client cannot access), or in another location that can be shared with the client.

--
Click this link to vote. Like many good things in life, we have to fight for them.
0 Cheers
George4Tacks
Level 15

Depreciation > Enter your asset, etc > Details > Auto & Additional Info > click Listed property > Scroll Down to Additional Information > Percentage of business use (.xxxx)


Here's wishing you many Happy Returns