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Client Summary Information > Tax Summary tab

In the asset module, use this tab to view a summary of current-year section 179 expense, a summary of AMT Preference and Adjustment amounts, and a MACRS mid-quarter convention analysis.
To open this tab, open the Asset List window, select Tasks, Display Summary Information, then select the Tax Summary tab.

Fields and buttons

Displays the total current-year section 179 expense entered in the Tax column in the Asset Detail window's Depreciation tab for the current activity.
Displays the total current-year section 179 expense entered in the Tax column in the Asset Detail window's Depreciation tab for all of the open client's activities.
These display the open client's total AMT Preference and Adjustment amounts for each property type (Real, Personal leased, and MACRS).
These display the depreciable basis of all of the open client's qualifying assets by quarter, as well as the total depreciable basis of all qualifying assets.
These display the percentage of depreciable basis acquired in each quarter based on the date entered in
Date in service
 in the Asset Detail window.
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