When adding a new business asset and choosing the option to spread the deduction over several years, what MARCS convention does TurboTax apply?

[ace4aday]

Lost all previous year TurboTax files and hard copies of final returns. Trying to rebuild for 2016. When adding business assets, TurboTax asks me what MARCS convention I used in previous tax years. I have one asset purchased 6/8/15 and one from 11/26/14. If I originally used Turbotax and told it to spread the deduction out over several years, would it have applied mid-quarter to the June purchase and half-year to the November purchase or something else?

[RichardK · Accepted solution]

No, just the opposite. Assuming no other assets were purchased during the year, and these assets are not real property the convention for the asset purchased 6/15/2015 would be half-year , and the asset purchased 11/26/2014 would be mid-quarter .