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Report

Reports in the AMT category

There are many standard reports available in Fixed Assets CS. The following are the reports that are available in the AMT category.
note
  • These reports pertain to the open client.
  • Each report may include all or selected assets.
  • The non-summary reports also include customizable asset-sequencing options (sorting, subtitles, subtotaling, and page breaks).
  • You can print reports for a specific category only if that treatment category is enabled.
To access the reports in the AMT category, select
File
,
Print
, then select
AMT
 from the dropdown in the
Category
 field.
  • AMT Asset Detail
    : Complete asset information for the current fiscal year, organized by group (default setting). You may also choose to have the application make current depreciation equal to the year-to-date depreciation.
  • AMT Basis Adjustment
    : Basis adjustment calculations required for Form 4626 (Alternative Minimum Tax - Corporations) or Form 6251 (Alternative Minimum Tax - Individuals), organized by group.
  • AMT Aggregate Asset Detail
    : Component asset information for aggregate assets, organized by asset number.
  • AMT Current Year Additions
    : Year-to-date asset information for the current fiscal year, by group (default setting). For each asset, includes the asset number, description, date in service, and cost.
  • AMT Current Year Disposals
    : Year-to-date disposal data (excluding retired and out-of-service assets).
  • AMT Future Depreciation
    : Depreciation data for a future year, organized by asset group (default setting). The year defaults to next fiscal year but may be set to the current or any future year.
  • AMT Group Summary
    : Beginning and ending costs and depreciation by group. You may also choose to have the application make current depreciation equal to the year-to-date depreciation.
  • AMT Location Summary
    : Beginning and ending costs and depreciation by location. You may also choose to have the application make current depreciation equal to the year-to-date depreciation.
  • AMT MACRS Convention Detail
    : A listing of MACRS current-year assets that are in the mid-quarter convention test. Contains subtotals for the last 3 months of the current tax year and the remaining months.
  • AMT Property Detail
    : Asset information organized by Date in service (default setting) or by Property type (optional setting) as required for some state or local property taxes. You may also specify a different year for this report to begin analyzing client data.
  • AMT Worksheet
    : Comparison of regular tax depreciation vs. alternative minimum tax depreciation.
  • AMT Yearly Comparative Depreciation
    : 7 years of comparative depreciation data, beginning with the current year (default) or any future year that you specify.
  • AMT Current Year Transfers
    : Year-to-date transfer data.
  • AMT Summary Report
    : Beginning and ending costs and depreciation by group (default). To change the default, select
    Print
    ,
    Options
    , then the Presentation tab.

This article applies to:

  • PRODUCT: Fixed Assets CS

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