Yes, like most all other cases, you can’t keep both your management and tax numbers in the same file at the same time.  In this case, I’d pick the method for my books that best represents the company’s financial position and then adjust for taxes, ignoring the book value.

Resolution for 'companys financial issue: 'How do I run depreciation under different depreciation methods for Tax vs Book? I can do one or the other but not both' available: Yes.

The companys financial issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the companys financial issue yourself by looking for a resolution described in the article. If it is a complex companys financial issue or you are unable to solve the issue, you may contact us by clicking here or by using other companys financial support options.

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