New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Only assets that are depreciating using a MACRS method will be included in the mid-quarter test. Assets depreciating using Straight-line depreciation or older methods of depreciation such as ACRS or 200% DB are not included. All current year MACRS assets will be included except:

• Assets that are in the Miscellaneous activity.
• MACRS assets that are 27.5-year real property, 31.5-year real property, and 39-year real property.
• Assets that have been forced to be real property (via the Tasks > Designate as Real Property command).
• MACRS assets that are marked in the Mid-Quarter & Section 179 Force Options dialog to be excluded from the calculation. (To open this dialog, click the Mid-Quarter & Section 179 Force Options button in an asset's Other tab.)
• Assets that are acquired and also disposed of in the current year.
• Assets that are autos expensed using standard mileage.
• Assets completely expensed under Section 179. If an asset has been partially expensed, then the amount subject to depreciation will be included in the calculation.

• Mid-quarter convention
• Using the mid-quarter convention

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