Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Be sure to check out & bookmark our Everything you need to know about electronic filing page. View the site.
Be sure to check out & bookmark our Everything you need to know about electronic filing page. View the site.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Tax Talk
- :
- Re: NYS depreciation adjustment for a Partnership return, is not being populated
NYS depreciation adjustment for a Partnership return, is not being populated
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
debkins
Level 2
01-19-2025
01:26 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I posted this query in Diagnostics, and someone suggested I post here as well.
The issue is that, after the recent update, Lacerte program is no longer auto calculating and populating the NY depreciation adjustment. There is definitely a difference between NY and Fed, and the pre-update program calculated and populated the results appropriately. After the update, the NY depr did not change, but it is no longer being populated. I spoke with "tech support," and tried to explain there was a glitch, but I didn't get any where.
Has anyone else had this experience yet?
3 Comments 3
Jim-from-Ohio
Level 11
01-19-2025
02:52 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
This is the ProSeries community.. you may get more replies on the lacerte community: https://accountants.intuit.com/community/lacerte-tax/discussion/03/302
debkins
Level 2
3 weeks ago
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I finally got a solution to the NY Partnership depreciation adjustment not being populated to the IT-225 and IT-398. The fixed assets causing the issue are QIP, and there is a box to check, to indicate that. Also, you have to put in the 39 year state depreciable life, which indicates to the software that it is QIP. Even in doing all that, the depreciation expense itself is correct for both Fed and NYS, but the differences weren't being populated...until I uncheck the QIP box. Then it populates correctly.
