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Level 2
December 7, 2019
Solved

Changing the depreciation methods of full-depreciated assets for e-filing.

  • December 7, 2019
  • 1 reply
  • 12 views

A recurring issue--picking up new clients whose previous accountants opted to use the 150%/200% DB method on certain assets.  In one case, the previous accountant was able to efile using Intuit software.  However, ProConnect generates a critical diagnostic and rejects efile because the assets are using a disallowed method of depreciation.  Assets are already fully depreciated. 

Is it appropriate to change the depreciation method to discourage the critical diagnostic?  Or will it cause issue when the return is received by the IRS, when they notice the change in depreciation method?

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Best answer by sjrcpa

I would change the method. I really doubt IRS will notice.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

I would change the method. I really doubt IRS will notice.

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