@shealeenp wrote:
I acquired an asset on 10/12/2021 and it is 100% business, the program calculates depreciation as if it is only 25% business. When I change the date to 1/1/2021 I get the proper calculation. Seems like I have to put in an incorrect date to get the proper calculation.
Just my experience.
You do not receive a full year depreciation for an asset placed in service in the 4th quarter of the year. You only receive about 25% of the full year deprecation. For next year you would receive the full year of depreciation if the asset is in service for the full year.
