state reports

Forum|Forum|5 years ago
September 19, 2020
2 replies
17 views

Can state depreciation reports be run out of FAM?

ProSeries Professional

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dd4vols

Intuit Community Champion

Sure.... As long as you opted to include state depreciation when you set up the client.

Reports>>>Display Reports>>in the Print Preview>.. the Use Basis section... just click on State instead of Fed, or AMT, or Book...whatever.

If you didn't elect to include 'State' when you first set up client, then try this:

File>>>Client Information>>> Basis Tab>> and click on the State button.. will do a rebuild I think.

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dascpa

Level 11

The reports can be set up in Fixed Asset Manager and you can simplify by using FedBasis for the assets where Fed and State depreciation are the same. Change for where they don't. But when importing into ProSeries make sure you double check state decoupling amounts as they may not transfer correctly. State depreciation is a weak spot of Fixed Asset Manager.

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