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, selectPrint,Options, then the Presentation tab.
