Depreciation assets are missing from the QBI calculation
by Intuit• Updated 3 weeks ago
When reviewing the assets included in the QBI calculation, if some are missing, it could be because of the following:
- An asset that is past its depreciable life isn't included in the unadjusted basis immediately after acquisition (UBIA) calculation according to Publication 535.
- Generally, an asset can be claimed for its entire MACRS depreciation life or ten years, whichever is longer.
- For example, if an asset has a seven year life, you can include it for ten years. If it has a twenty year life, you can claim it for twenty years.
- If you need to alter the UBIA calculation for a particular asset, overrides are available on the Depreciation screen.
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