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.

  1. Open an asset in Onvio Fixed Assets, then open the Other tab. 
  2. 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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