Setting Up Retirement Basis Reduction Codes
To set up retirement basis codes, use the Retirement Basis Reduction (TRAN_EXCLUDE_TBL) component.
This topic discusses how to define retirement basis codes.
Page Name |
Definition Name |
Usage |
---|---|---|
TRAN_EXCLUDE_TBL |
Set up retirement basis reduction codes. |
Use the Retirement Basis Reduction page (TRAN_EXCLUDE_TBL) to set up retirement basis reduction codes.
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These codes are used when you opt to retire an asset by using its original cost basis adjusted by all non-excluded transactions. In this way, for example, you could exclude any indexed revaluation adjustments.
Note: For this option to work correctly, any transaction type or types that you want to exclude must have unique transaction codes.