Skip to main content
Level 4
March 6, 2020
Solved

Will an override on the Depreciation Method from calculated 200DB to SL be an issue when e-filing? New client has assets that past preparer listed using SL MQ.

  • March 6, 2020
  • 10 replies
  • 33 views
I'm preparing this return in ProSeries Basic Edition - 2019.
This topic has been closed for replies.
Best answer by motax

I don't see where to select "other".  I'm working in ProSeries Basic.  I don't want to have to reenter all of the data in ProSeries Professional.


On the asset entry worksheet, go to "type of asset" and select "other" which is the next to last item in the drop-down.  Then go to the bottom of the worksheet and fill in the appropriate boxes.

10 replies

Intuit Community Champion
March 6, 2020

You are required to do depreciation according to IRS rules. not what was done incorrectly in past years.

You need to advise client if it was incorrect in past.

sjrcpa
Level 15
March 6, 2020

It is permissible to elect SL when assets are placed in service.

The more I know the more I don’t know.
karenhAuthor
Level 4
March 6, 2020

Thank you.  My question is how do I mark that without creating an override?