Drake Tax - Do Not Use MACRS Tables

Article #: 10111

Last Updated: December 05, 2024

 


Tags: Drake Tax

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Purpose of the “Do not use MACRS % tables” field on screen 4562

An X in this field is used if you are required to use the computational method rather than the tables. This may produce results that differ from what the software would calculate using the MACRS tables in the appendix of Publication 946.

An I is used for Qualified Indian Reservation Property. SeeDrake Tax - 4562 - Depreciation of Qualified Indian Reservation Property for details.

Note  You can directly override system calculations by entering the amount you need in the Override regular depreciation field(s).