| # 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 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. |