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Level 2
September 5, 2023
Question

when a asset becomes under 100% business use Why does lacerte change begining accumulated depreciation of the asset that is not 100% business use

  • September 5, 2023
  • 1 reply
  • 3 views

when a asset becomes under 100% business use Why does lacerte change begining accumulated depreciation of the asset that is not 100% business use

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1 reply

sjrcpa
Level 15
September 5, 2023

IDK but you can override to what it actually is.

Be aware of potential recapture is business use goes below 50%

The more I know the more I don’t know.