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This article applies to:

  • Product: GoSystem Tax RS,Fixed Assets CS
  • Subject: Import,Export,Integration

Setup for state depreciation in Fixed Assets CS

This explains how to define the optional No168k state depreciation treatment type. The No168k treatment type is used for the states that don't accept the newly adopted bonus depreciation and §179 limitations.

Set up the No168K treatment

To add the No168k Treatment type to a Client record, open the target Client record and complete the following steps:
  1. Select
    Setup
    on the menu bar.
  2. Select
    Treatments
    from the
    Setup
    dropdown.
  3. Select
    Add
    . The
    Classify
    window opens.
  4. Select the radio button next to
    Other
    , and then
    Continue
    . The
    Treatment Options
     window opens.
  5. In the
    Title
    field, enter
    No168k
    .
  6. In the
    Bonus
     group box, clear the checkboxes for complying with 30% Bonus depreciation and 50% Bonus depreciation and 50% GO Zone Bonus.
  7. Select
    OK
    to return to the
    Treatments
    window.

Build the No168K treatment

  1. While in the
    Treatments
    window, with the
    No168k
     treatment highlighted, select
    Build
    .
  2. Select the
    Replace all assets with the following treatment’s values
     options.
  3. Make sure
    Tax
     treatment is selected.
  4. Select
    OK
     to build the treatment.
  5. Select
    Build
    again for the No168k treatment.
  6. Select the
    Calculate prior depreciation for all asset
     option.
  7. Select
    OK
     to rebuild the prior depreciation for the treatment.
  8. Select
    OK
     to leave the
    Treatments
    window. Return to the
    Asset Listing
     window.

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