elderblaze
Returning Member

Get your taxes done using TurboTax

Turbotax allows me to force SL method for a vehicle. It does not allow the convention to be changed to FM however. Can you change the convention type without changing the method? is this allowed? keep it SL but change from FM to MQ or HY? Im running up against the deadline and I need to get this issue sorted one way or another. I'd hate to drop the asset entirely, as it does have 2 more years of depreciation and is a substantial write off, I also don't want to get into any kind of trouble.