Running the Tax Retirement Capital Gains Report (AMTX3210)

This topic lists prerequisites and the pages used to run the Tax Retirement Capital Gains report.

Page Name

Definition Name

Usage

Run Open Trans Tax (run open transaction tax)

RUN_AMTXOPEN

Run a process that assigns open transaction IDs to the transactions for assets that do not use the straight-line depreciation method.

Calculate SL Depr for Tax

RUN_AMDPCALC_TAX

Run the process that calculates straight-line depreciation for all the pending assets in the AMTXOPEN process and mark the status as complete.

For corporations, you must select the Corporation Sec. 291 check box on the Book - Tax page to have the system calculate the ordinary gain and the Sec. 291 gain differently.

Before you can run the Tax Retirement Capital Gains report, you must run these processes:

  • Open Trans - Tax Report

    This process assigns open transaction IDs for the transactions of assets that do not use straight-line depreciation.

  • Depreciation Calculation Tax

    This process calculates straight-line depreciation for all the pending assets in the process and marks the status as complete.