RandyA- The answer was not one that was looking for a TA opinion. My answer is one as a workaround because TT does not allow you (back when I wrote the answer) to enter in a date of the transfer of the asset, then carryover a reduced depreciated cost and restart the depreciation recovery period. As I remember (it was over a year ago and I only had to do it once), the failure is that when you get to the "restart depreciation", it does not allow you to say "start the depreciation as if you are on year 8 of a 15 year schedule".
The workaround does exactly what your tax guy says, it just gets to the correct answer by a way to fake out a small failure in the TT code.
Maybe TT corrected the problem this year and my answer is moot....
Did you do what he said and does it now work with TT? Or was he opining on tax law and not computer program deficiencies?
