How to Suspend calculation?

Forum|Forum|6 years ago
December 6, 2019
13 replies
55 views

Need ability to suspend auto calculation in ProSeries. A return with large depreciation schedule, ACA subsidy and QBI calculations are forever calculating when change made. A problem when wanting to elect out of Bonus Deprecation to see results. Every new asset in a class needs the election box checked and each check box triggers a new lengthy calculation. One of these returns is taking hours to obtain results. Is there any help coming on this issue?

ProSeries Professional

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Best answer by IRonMaN

Why not load in all of the assets as one total in a dummy asset to see what the result is and go back afterwards and load in individual assets based on your preference?

B

bob11_2

Level 5

there isn't a way to stop the program from auto calculating every time you make a change. Are you saying that you make a change, and the program just sits there and spins for hours, and you are unable to do anything during that time?

If so this is very concerning. It is possible that it is due to the fact that most of these calculations are not yet ready, and the program is struggling to work through them, but I would like to look more into it.

rbynaker

Level 13

I've noticed some slower calculations with PTC/SEHI/QBI as well. But my lag is 5-10 seconds. Still mildly annoying. The closest thing to a "fix" that I can come up with is maybe have a worksheet like the Education Credit optimizer where the user has to click a box when they're ready to run the PTC/SEHI circular math calculation. I don't like that solution either. At least with the Ed credits you're still filing an accurate return even though it may not yield the optimal tax result. With the PTC/SEHI you could end up with an inaccurate return if you just forget to go back and check the box.

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bob11_2

Level 5

That is a good suggestion. We could put an error on the checkbox to prevent you from efiling the return without having checked the box first to stop the inaccurate return.

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jeff1Author

Level 3

The delay is longer with more assets you have, old (prior) and new assets. One change can take a minute or two to see the results. If you are electing out of Bonus, across lets say 30 assets, you are now an hour to find results. There was a suggestion of plugging in a single dummy asset (by class) to test before entering them all, which is a good idea and I will probably try this approach on the next planning session. A far easier approach would be to provide a button to suspend calculation as changes are made. The Dummy asset approach will not work if I'm in the middle of tax season and and all of a sudden a new piece of information comes in and the whole strategy changes. Time is money and I think this is a reasonable request to allow us to suspend calculation.

J

jeff1Author

Level 3

Actually another issue with the loss of 1031 exchange for traded equipment, we really need another line for those assets that have been traded and traded to the point where you have only the OLD boot difference of lets say $10k and the trade allowance is $20K, you probably don't have a Capital Gain. In this example we have been increasing the cost by $10k and the prior depreciation by $10k to force the Ordinary Gain treatment instead of partial Cap Gain Treatment. These new depreciation rules are really turning planning on its head. Maybe there is a box or election I can make to force ordinary treatment without fudging the numbers. Any suggestions?

rbynaker

Level 13

I don't do a lot of LKE but I see where you're coming from. Maybe if you treated the two assets as a group sale? Or really just manually allocate the "sale price" (trade-in value) between the two assets, that should get you the correct tax on the depreciation recapture. I *think*.

Rick

(And just for clarification, folks with the Moderator tag work for Intuit, folks with the AllStar tag are just fellow users who've been around the block for a few years. Or at least long enough to give hundreds/thousands of answers here!)

IRonMaNAnswer

Level 15

Why not load in all of the assets as one total in a dummy asset to see what the result is and go back afterwards and load in individual assets based on your preference?

Slava Ukraini!

J

jeff1Author

Level 3

Good idea during our planning stage, enter one dummy asset per class, I will try it. Not good in middle of tax season and something comes up requiring elections to change. I would rather suspend calculation until I am ready for the results. I thought years ago we had this option as I can remember punching F9 key to make the calculation when I wanted it.

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