Mid-Quarter & Section 179 Force Options statement
On a treatment-by-treatment basis, use the Mid-Quarter & Section 179 Force Options statement to do any of the following tasks.
- Force an asset to be included in the mid-quarter determination.
- Force an asset to be excluded from the mid-quarter determination.
- Force an asset to calculate using the mid-quarter convention.
- Force an asset to be considered eligible section 179 property.
- Prevent an asset from being considered eligible section 179 property.
Follow these steps to open this statement.
- Open an asset in Onvio Fixed Assets, then open the Other tab.
- Click the Mid-Quarter & Section 179 Force Options button.
Mark the Asset Calculated using Mid-Quarter Convention (Force) checkbox to calculate MACRS depreciation for an asset using the mid-quarter convention when the asset would normally calculate using the half-year convention. Marking this checkbox does not affect whether the asset is included in or excluded from the mid-quarter determination and calculation.
Notes
- The Include in Mid-Quarter Determination (Force), Exclude from Mid-Quarter Determination (Force), and Asset Calculated Using Mid-Quarter Convention (Force) options are only available for current-year MACRS assets.
- You cannot take a Section 179 deduction for assets with a business percent that is under 50.
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