| Print MACRS 60/40 Addition Report (tffam1416m000) |  |
| Use this session to provide tax book data supporting evaluation of MACRS 60/40 rule test on Section 1245 assets. This report lists asset data (new additions for a fiscal year) for assets from their federal and other tax books to support the evaluation of the MACRS 60/40 rule for Section 1245 assets. Related topics Federal Tax - U.S. Reporting Other Tax - U.S. To calculate Units of Production depreciation To use From and To fields
Fields | Description
Tax Book | Select a tax book for which you want to view or print information.
Tax Year | Select a tax year for which you want to view or print information.
Asset Group | A broader level of grouping than an asset category. Used to classify your organization's assets for reporting and inquiry.
Asset Group Code | A broader level of grouping than an asset category. Used to classify your organization's assets for reporting and inquiry.
Category | Used to classify an asset and provide data entry defaults during asset entry. Categories have associated subcategories, which are assigned by default.
Category Code | Used to classify an asset and provide data entry defaults during asset entry. Categories have associated subcategories, which are assigned by default.
Subcategory | Subcategories provide additional classification of assets within a category. For each category, you enter one or multiple subcategories.
Subcategory Code | Subcategories provide additional classification of assets within a category. For each category, you enter one or multiple subcategories.
Currency | From the Tools menu, choose Rotate Currency to switch home currencies.