Drake Tax - 4562: Computer Software

Article #: 12066

Last Updated: December 05, 2024

 


Tags: Drake Tax

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How to depreciate computer software

The field help for the Description field on screen 4562 (press F1) provides the following guidance:

Computer software can be depreciated in one of several ways:

To carry to line 19, use MACRS - Three years.

To carry to line 42, use AMT - Three years.

To carry to line 16, use SL - Three years.

You must also add /CS at end of the description. (For example, Microsoft Windows/CS)

Note that the /CS in the description must be in capitals.