Question
MQ Convention depreication
I am preparing a 2024 S Corp return. The client placed three assets in service in Q4 of 2024. They were all vehicles less than 6000 pounds. ProSeries is calculating the MQ convention at 6.666%. Fixed Asset Manager(QuickBooks) is depreciating the same assets at 5% using the MQ convention. How do I get the correct amount in ProSeries? QuickBooks Enterprise Accountant 24 FAM won't export the FAM file to ProSeries 2024.
