Depreciation List
This report allows you to print information based on depreciation amounts in a client's return.
Printing a Depreciation Report for One Client
- Select Reports > Depreciation List.
- Enter the SSN/EIN and click Next. The Depreciation Listing window opens.
- Three options are offered: Print, Export to File, or Cancel.
- To print the report, choose Print. The "Print" dialog is displayed.
- To save the file as a CSV file, which can be opened in Excel and other applications, choose Export to File. A message appears indicating the saved file’s location and name.
- Click Cancel to quit the depreciation list request.
Printing a Depreciation Report for Multiple Clients
- Select the Reports > Depreciation List.
- Leave the SSN/EIN entry box blank and click Next. The "Basic Search Conditions" dialog box opens.
- Use the information in the Basic Search Conditions to modify the most common filtering criteria.
- Click Continue.
- Filtering occurs – this may take several minutes depending upon the criteria and the number of returns to be scanned. The Depreciation Listing window appears.
- Three options are offered: Print, Export to File, or Cancel
- To print the report, choose Print to Printer. The "Print" dialog is displayed.
- To save the file as a CSV file, which can be opened in Excel and other applications, choose Export to File. A message appears indicating the saved file’s location and name.
- Click Cancel to quit the depreciation list request.
Depreciation List Report Output Fields and Descriptions
- Form – Represents the depreciable item’s associated form.
- Description – The description of the item as entered in data entry.
- Acquired Date – Represents the asset’s acquisition date.
- Cost – The original cost of the asset.
- Prior Depreciation – Represents the depreciation taken in prior years.
- Prior Expense – Represents the asset’s Prior Section 179 expensed amount.
- Method – The depreciation method used when reporting the asset.
- Life – Represents the number of years depreciation can be taken for this asset.
- Depreciation Balance – Represents the remaining balance of depreciation for the asset.
- LPT (Listed Property Type) – Represents the listed property type value. V for Vehicle, E for Electric Vehicle, and X for other type of asset.
- PT (Property Type) – Represents the identifying property type.
- IC – The Investment Credit Code.
- Sales Date – If the asset was sold, this field represents the date of sale.
- Sales Price – The price received for the sale of the asset.
- Override Current – If the depreciation amount was overridden rather than calculated by the system, this is the amount of depreciation to be taken.
- Override Alt-Min – If the Alternative Minimum tax was overridden rather than calculated by the system, this is the amount of Alternative Minimum tax to be taken.
- Num Item – This is the item number assigned to this asset.
All of the monetary fields are totaled at the end of the report, to give a grand total for each field.