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Level 4
February 14, 2020
Solved

ASSET REBATE

  • February 14, 2020
  • 1 reply
  • 17 views

Hi,

If the asset was already expensed using section 179 in prior years and it got a rebate in this year, how should I report the rebate in Lacerte?

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Best answer by IRonMaN

Income

1 reply

IRonMaN
IRonMaNAnswer
Level 15
February 14, 2020

Income

Slava Ukraini!
misskeikoAuthor
Level 4
February 14, 2020

I agree! So I should not change the asset value in Lacerte or QBO, right?

Thank you~

IRonMaN
Level 15
February 14, 2020

Correct!  And you betcha!

Slava Ukraini!