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R
rose1
Level 2
December 1, 2020
Question

depreciation calculations in the 2020 program doesn't seem to be working correctly

  • December 1, 2020
  • 2 replies
  • 0 views

added two items on depreciation schedule one purchased in april one in Oct.  Should use MQ calculation since 40% of total purchase is in Oct but program is using HY.  Is there a potential error in the program

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2 replies

IRonMaN
IRonMaN
Level 15
December 1, 2020

"Is there a potential error in the program"

Yeah, there is a potential for lots of errors this early in the life of the program.

Slava Ukraini!
    IRonMaN
    IRonMaN
    Level 15
    December 1, 2020

    As a side note, did you elect out of bonus depreciation?

    Slava Ukraini!
      T
      TaxGuyBill
      Level 15
      December 1, 2020

      Is this on a 1040?  What asset types/categories are the two assets?

      If you give us all of the pertinent information, one of use can see if we can recreate it on our software to see if we can troubleshoot it.

       

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