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Jennifer

New to Drake - recalc depreciation for 3115

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Also new to Drake. I need to calculate the 481(a) adjustment for a 3115 and was hoping that the program would automatically calculate the prior depreciation if I entered the asset's specifics correctly in the current year. Other software I have used would automatically update the correct depreciation if you changed the asset information within the program. I believe I will have to calculate all of this manually, correct? I was hoping the computer program would save me some time, but it is causing a huge slowdown......

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I do it manually using the program.  Put in current tax year (2019) with day-month. Get depr figure; write down. change date to 2018, get prior-year figure, write down. Rinse and repeat until done; add the results.  Annoying, but I can get it done through the program in far less time than it takes me to set up a spreadsheet.

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