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Level 4
February 18, 2026
Question

Why would the asset life history start in a different year than what was put into software?

  • February 18, 2026
  • 1 reply
  • 10 views

Entered new S-Corp client's assets into ProSeries and when I look at the asset life history to make sure it's calculating depreciation correctly with the previous depreciation, it's taking depreciation in the previous year (2022) but the asset wasn't put into the business until 2023.  I'm not sure why this is happening and I don't know how to correct it.  Any help here would be great!

1 reply

Moderator
February 18, 2026

Hi @Futch2010   Please make sure you are using the most updated version of ProSeries. You can reach out to support as they are best equipped to assist in this situation. Thank you for being a part of the Community!  

Futch2010Author
Level 4
February 20, 2026

IntuitKate,

I have shut ProSeries down and updated installed products and there were no updates.  I will reach out to support and hopefully they can fix this issue.