Discussion:Alternative Depreciation System

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Revision as of 21:33, 6 January 2006

Discussion Forum Index --> Tax Questions --> Alternative Depreciation System

Mshelden (talk|edits) said:

January 6, 2006
Has anyone used the Alternative Depreciation System (ADS) for assets? The General Depreciation System is what I have always used, These are both part of MACRS. ADS can be an election or its also mandated for several categories including tax-exempt use property. The class lives are in section 168(g)(3) and Pub 946. I have a non-profit health clinic as a client and Lacerte does not input the depreciation amounts on line 20 of Form 4562. It ends up on line 16. Does your program input it right?
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