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    #1

    Depreciation Problem

    Please help me solve this one:

    Property placed in service 10/11/09, cost $1822, 7-year, 200% DB, mid qtr convention, no sec 179 or bonus depreciation. Business has short tax year (first year) of 10/11/09 to 12/31/09. Tax software calculates depreciation of $108, but when following IRS Pub 946 instructions I get $130. What am I doing wrong?

    Thanks in advance!
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    #2
    anyone????

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      #3
      Depr.

      Using my software--I get $130 using DB and if I use MACRS I get $65

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        #4
        Calvin> I don't do hand calculation. To set up a client for a short year is too much trouble.
        Since you are talking about a small difference, I would just go with the tax program and move on.

        I hope that didn't sound bad. Happy New Year.
        This post is for discussion purposes only and should be verified with other sources before actual use.

        Many times I post additional info on the post, Click on "message board" for updated content.

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