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Enter de minimis assets

Follow these steps when entering assets to accommodate the safe harbor threshold for deducting capital items under Notice 2015-82.
  1. Set the
    Situs
     to the
    PPT state
    .
  2. On the
    Depreciation
     tab, under Method, select
    Memo
    .
  3. On the
    Other
     tab, mark the
    Exclude memo asset from non PPT reports
     checkbox.
  4. Complete the association fields needed for the PPT return.
    note
    These assets won't print with the federal tax return, but will be included on the Property Tax return and listed under the PPT Book or State Property Detail report (if the PPT return can be filed based on the state treatment.)

This article applies to:

  • PRODUCT: Fixed Assets CS

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