Re: 40 year alternate depreciation calculating incorrectly this year

cfish · ‎03-30-2022

Out of the blue, Pro series has switched my pre 2018 40 year ADS (rental) assets to 30 years. I have many rentals that go back many years. If I hadn't had a sale of one of these this year, I wouldn't have noticed but this could have been a real problem. All prior years were working correctly. This seems like a program error & I don't want to go hunting to override the assets it applies to. Fix?

TaxGuyBill · ‎03-30-2022

Yep, this error has been around for at least several weeks. No indication from Intuit that they will fix it.

cfish · ‎03-30-2022

Thanks for the quick reply. I did a search but didn't see where it had come up.

40 year alternate depreciation calculating incorrectly this year

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