Have to enter acquisition date twice on Asset Entry worksheet when you select Yes to the Economic Stimulus question.

[robertmilescpa]

When entering a new asset on the Asset Entry worksheet, including acquisition date at the top of the worksheet, you must re-enter the acquisition date in the Disposition section of the work if you answer yes to the Economic Stimulus question.

Has anyone else run into this?

[rbynaker · Accepted solution]

These are two dates, the acquisition date and the date placed in service.  They are not necessarily the same and the law requires both.

If I were a programmer, I'd either move the acquisition date up to the top or, more likely, put a checkbox to indicate the acquisition date is the same as the date placed in service.  As it is now, yeah, it's annoying.

Rick