Fixed Asset Weirdness

[Abby Normal]

Pretty sure I've read similar stories from other users, but I just felt like venting/sharing.

Had a car added in 16 with bonus and MACRS. In 17 the Auto/Listed tab was showing the correct depreciation, but Depreciation tab had some weird number that was not mileage depreciation or anything else I could think of.

On Sch C the total actual expenses from the Auto/Listed tab was showing on line 9 car expenses. Depreciation line was blank (car is only asset with depreciation).

I called my 'concierge support' and it sounded like I was being transferred but got cut off instead. So, being the independent type, I decided to delete the offending asset and re-add it.

While I was re-entering the asset, the deleted asset reappeared like a zombie, so I deleted it again.

Also, the new asset defaulted to SL FM depreciation instead of MACRS. I overrode it to 200DB HY. Later I was able to restore the method and convention and they stayed 200DB HY.

So, onward and upward, but I lost half an hour over this.
 

[Lee B]

Be careful, you may have gremlins  

[Tax Prep by Deb]

Had a similar problem yesterday.   Was adding a vehicle and wanted to do anportion as a section 179 said I couldnt because only MACRS ciuld and it had switched it to S/L.  It seems to be tied into the listed propery tab.  Everything was fine till I filled in the mileage section and answered the questions.

[Abby Normal]

Sometimes the programmers try to do too much for us, and we'd be better off if they didn't.