Explicitly applying the mid-quarter convention for assets acquired in the current year

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

The application automatically determines whether the mid-quarter convention applies and recalculates depreciation when necessary.

To explicitly include or exclude current-year assets from the automatic mid-quarter determination and calculation, perform the following steps.

  1. Open the Asset List window for an activity.
  2. Select the desired current-year asset and click the Modify button.
  3. In the Asset Detail dialog, click the Other tab.
  4. Click the Mid-Quarter & Section 179 Force Options button in the lower-left corner.
  5. In the Mid-Quarter & Section 179 Force Options dialog, mark the appropriate checkboxes in each treatment tab.


  • To have the application automatically determine whether or not to use the mid-quarter convention for this asset, repeat the procedure and clear the checkbox you marked in step 5.
  • To force assets to follow mid-quarter convention for the client on a treatment-by-treatment basis, choose Setup > Treatments, select the appropriate treatment, click the Options button, and click the appropriate option in the Mid-quarter application for current-year acquisitions group box.

Share This