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Form and Adjusted Form 4626 - AMT Detail and Summary Reports

Use the Form 4626 - AMT Detail and Summary Reports to review the difference in year-to-date depreciation between any tax book and an alternative minimum tax (AMT) book through the period you select.

You also can run the Form 4626 reports on a corporate book and a tax book to show the difference in depreciation between the two books if both books use the same depreciation calendar.

Use the Adjusted Form 4626 - AMT Detail or Summary Reports to see the effects of reserve adjustments of the period you select if you adjusted the accumulated depreciation for the fiscal year.

When you request these reports, the Federal Book and AMT Book you choose to compare must use the same depreciation calendar. You also must enter the End Period for which you want to run the report. You can optionally enter an Asset Account range to limit output.

The detail reports are sorted by balancing segment, depreciation method, asset account, category, and asset number. They print totals for each category, asset account, method, and balancing segment.

The summary reports are sorted by balancing segment, depreciation method, asset account, and category. The reports show totals for each asset account, method, and balancing segment.

Selected Headings

Difference: The difference between the year-to-date depreciation in your tax and AMT book as of the period you selected.

See Also

Determine Adjusted Accumulated Depreciation

Adjusting Tax Book Accumulated Depreciation

Common Report Parameters


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