Mass Change of Use when Electing 163(j) dialog

Use this window to calculate mass change of use for prior year assets for activities that made the election under code section 163(j)(7)(B) or (C). Verify that you have marked the activity as making the election under 163(j)(7)(B) or (C).
  1. Open the Asset List window for an activity.
  2. Select
    Tasks
    ,
    Mass Change of Use when Electing 163(j)
    to open the Mass Change of Use when Electing 163(j) window.
Real property trade or business
The Mass Change of use when Electing 163(j) window is available for any activity that
  • is marked for making the election under 163(j)(7)(B) or (C), and
  • has more than one prior-year MACRS real property assets that are not fully depreciated.
Farming business
The Mass Change of use when Electing 163(j) window is available for any activity that
  • is marked for making the election under 163(j)(7)(B) or (C), and
  • has more than one prior-year MACRS asset with a recovery period of 10 years or more that are not fully depreciated.
Change of use options
Select this to make the change of use changes to all selected asset at one time based on the original method and life. For example, for multiple assets that are MACRS 39.0 year real property, all of them will be updated to the new life and new ADS life.
Select this to make the change of use changes to all selected assets at one time, while retaining the option to review the information on an individual asset-by-asset basis.
Mark this checkbox to select assets that have already been through the process for change of use.
Focus asset listing group box
For each association that maintains a list, a box appears here. Use these to limit the Assets available to select pane.
  • To include all assets assigned to a particular association, select
    (All [association])
    .
  • To include only assets assigned to a particular association value, select the value.
  • To include all assets that have not been assigned to a particular association, select
    (No [association] association)
    . For example, to include the list of all assets not assigned to a location, select
    (No Location association)
    .
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