You can calculate a short tax year for depreciation in all return types.
Select any return below to learn how to apply short tax year depreciation.
For business returns
For business returns (Forms 1065, 1120, 1120-S, 990, and 1041), you can fill in tax year information so that the program calculates a short year for all assets.
You must enter all the listed items for each type of return in order for the program to correctly calculate short-year depreciation amounts.
For individual returns
For individual returns (Form 1040), you can apply short year depreciation on an asset-by-asset basis.