Options for gain calculation on disposal reports
By default, the application will use the amount in the
Total Depreciation
field on the Depreciation tab within the asset's detail in calculating any gain on the Current Year Disposals Report
(either Tax or Book).For the gain calculated on Form 4797, the application uses the amount of depreciation in the
Tax depreciation allowed
field on the Disposal tab.note
If you override the
Tax depreciation allowed
field, the gain on Form 4797 won't match the gain on the Current Year Disposals Report
.You can make the gain on the report match Form 4797 by following these steps:
- SelectFile, thenPrint.
- Select theCurrent Year Disposalsreport and thenOptions.
- Go to the Disposals tab and selectDepreciation allowed amount entered on the disposal.
