Depreciation Problem

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  • Calvin
    Junior Member
    • Dec 2009
    • 13
    #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!
    Tags: None
    • Calvin
      Junior Member
      • Dec 2009
      • 13
      #2
      anyone????

        Comment

        • Gene V
          Senior Member
          • Jun 2005
          • 1057
          #3
          Depr.

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

            Comment

            • BOB W
              Senior Member
              • Jun 2005
              • 4061
              #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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