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Troubleshooting ProConnect Tax diagnostic ref. 2000191 - Election statement for MACRS straight line method

by Intuit Updated 4 months ago

The following diagnostic is generating:

An election statement is available to support the election to use MACRS straight line method for current year assets.  (ref. #2000191)

This diagnostic generates if an asset is entered on the Depreciation screen and the depreciation Method selected is a straight line method.

Follow these steps to enter the appropriate election statement:

  1. From the Input Return tab, go to Other  Elections.
    • For Partnerships, Corporate, S-Corporate and Fiduciary returns click Elections in the top right of the input screen. 
  2. Scroll down to the Election to Use MACRS Straight Line Method section.
  3. Check the box labeled Use MACRS straight line method [168(b)(3)(D)].
  4. Enter the appropriate information in the Personal property class field.
  5. View Forms and make sure the Election to Depreciate MACRS property under the Straight Line Method is generating.
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