less than 100% usage on an asset being depreciated

Forum|Forum|3 years ago
February 2, 2023
2 replies
16 views

I am trying to enter an asset that has 85% business usage. I can not figure where to put the percentage

Thanks

ProConnect Tax

This topic has been closed for replies.

Camp1040

Level 10

If the percentage will not change, then click on the cost basis line and show your calculation for the 85% business on the supporting statement. If the business use changes such as a vehicle then my method won't work.

What type of asset?

C

clwwcpaAuthor

Level 2

Computer

George4Tacks

Level 15

Depreciation > Enter your asset, etc > Details > Auto & Additional Info > click Listed property > Scroll Down to Additional Information > Percentage of business use (.xxxx)

Answers are easy. Questions are hard!

puravidapto

Level 7

For the depreciation input, you have the option to enter the business percentage in the designated field. Alternatively, you can enter the final result directly and document the calculation in the software (which the client cannot access), or in another location that can be shared with the client.

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