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Level 2
February 24, 2020
Solved

Lacerte Ref #2025011

  • February 24, 2020
  • 1 reply
  • 10 views

This critical diagnostic keeps coming up when depreciating 15 year equipment - why?  How to get rid of it?

This topic has been closed for replies.
Best answer by George4Tacks

If you are sure Lacerte is incorrect, highlight the client and use CTRL + L to send it to Lacerte with a thorough explanation of why they are wrong. 

I am not sure they are. The answer might be in https://www.irs.gov/publications/p946

 

1 reply

George4Tacks
Level 15
February 24, 2020

What depreciation method are you using? Code 66 or 67? 

https://proconnect.intuit.com/community/help-articles/help/depreciation-methods/00/3537

 

Answers are easy. Questions are hard!
Diane65Author
Level 2
February 26, 2020

I was using 66

George4Tacks
Level 15
February 26, 2020

If you are sure Lacerte is incorrect, highlight the client and use CTRL + L to send it to Lacerte with a thorough explanation of why they are wrong. 

I am not sure they are. The answer might be in https://www.irs.gov/publications/p946

 

Answers are easy. Questions are hard!