This report allows you to print information based on depreciation amounts in a client's return.


Printing a Depreciation Report for One Client


    1. Select Reports > Depreciation List. 
    2. Enter the SSN/EIN and click Next. The Depreciation Listing window opens. 
    3. 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


    1. Select the Reports > Depreciation List. 
    2. Leave the SSN/EIN entry box blank and click Next. The "Basic Search Conditions" dialog box opens. 
    3. Use the information in the Basic Search Conditions to modify the most common filtering criteria. 
    4. Click Continue. 
    5. Filtering occurs – this may take several minutes depending upon the criteria and the number of returns to be scanned. The Depreciation Listing window appears. 
    6. 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.