Fixed Asset Manager

You can manage your client's assets using the Fixed Assets Manager. ATX adds the Fixed Assets form to the return whenever you select a new Form 4562, Depreciation and Amortization from the Add Forms dialog box. ATX displays the Fixed Asset tab in the forms list.

If you roll a prior year return that had Fixed Assets data, asset information rolls to the current year return with updated depreciation data.

By using the asset entry features, you can:

• Select from pre-defined asset categories and subcategories for quicker data entry.
• Link depreciation results to at least sixteen business activity forms.
• Enable an automatic calculation of prior, current, and future depreciation.
• Compare actual expenses to the standard mileage deduction for listed vehicles (individual returns only).
• Create dispositions for sales, casualties, installments, and like-kind exchanges.
• Create Bulk Dispositions for the sale of multiple assets.

If you would prefer to use Form 4562 only, please refer to Entering Assets Directly on Form 4562.

Additional information Asset Entry:

• Fixed Asset Manager And Enhanced Asset Management
• Fixed Asset Manager Interface

How to topics:

• Entering a New Asset
• Move Assets
• Bulk Dispositions
• Input Defaults
• State Calcs Tab
• Tax Year Information
• Entering Assets Directly on Form 4562

 

See Also:

Depreciation and Section 179 Tab

Auto/Listed Tab

Dispositions Tab