Reports for the United States

This topic includes details about the reports for the United States.

Overview

These reports are designed to review the depreciation taken for the specified fiscal year. The reports also show calculated gain or loss amounts for sales of 1245 or 1250 property held longer than the capital gain threshold.

Reports for the United States include:

Report Name	Description
Form 4562 - Depreciation and Amortization Report	Lists asset depreciation amounts for the specified fiscal year. This report is sorted by balancing segment, fiscal year added, depreciation method, asset category, and asset number. It shows totals for each category, depreciation method, fiscal year added, and balancing segment.
Form 4626 - AMT Detail Report	Lists the difference in year-to-date depreciation between any tax book and an alternative minimum tax (AMT) book through the period you select in detail. The report is sorted by balancing segment, depreciation method, asset account, category, and asset number. The report totals for each category, asset account, method, and balancing segment.
Form 4626 - AMT Summary Report	Lists the difference in year-to-date depreciation between any tax book and an alternative minimum tax book through the period you select in detail. The report is sorted by balancing segment, depreciation method, asset account, category, and asset number. The report lists totals for each category, asset account, method, and balancing segment.
Form 4797 - Gain From Disposition of 1245 Property Report	Lists gain or loss amounts from sales of 1245 property held longer than the capital gain threshold you entered for the book on the Create Book page. This report only shows assets that were sold, so assets without proceeds of sale do not appear. The report is sorted by balancing segment into gains and losses, by asset account, and by asset number. The report shows totals for gains or losses, and for each asset account and balancing segment.
Form 4797 - Gain From Disposition of 1250 Property Report	Lists gain or loss amounts from sales of 1250 property held longer than the capital gain threshold. The report is sorted by balancing segment into gains and losses, property class, asset account, and asset number. The report lists totals for gains or losses, and for each asset account, property class, and balancing segment.
Form 4797 - Sales or Exchanges of Property Report	Lists amounts held longer than the capital gain threshold. The report is sorted by balancing segment into gains and losses, property class, asset account, and asset number. The report lists totals for gains or losses, and for each asset account, property class, and balancing segment.

The following table describes selected report parameters:

Name	Description
Book	Use this parameter to specify the book to be included for the reports.
Currency	Use this parameter to specify the currency to be included for the reports.
Fiscal Year	Use this parameter to specify the fiscal year for the reports.
From Period	Use this parameter to specify the starting period for a range of the reports.
To Period	Use this parameter to specify the ending period for a range of the reports.

Frequently Asked Questions

The following table lists frequently asked questions about the reports for the United States:

FAQ	Answer
How do I find these reports?	Schedule and run this report from the Scheduled Processes work area on the Navigator menu.
When do I use these reports?	Use these reports as per the regulatory reporting requirements of the United States tax law.
What information does the Gain From Disposition of 1245/1250 Property Reports print?	These reports calculate gain or loss amounts for sales of 1245 or 1250 property held longer than the capital gain threshold you entered for the book on the Create Book page. Personal property is section 1245 or 1250 business property under United States tax law. To use the 1245 or 1250 report, complete Part III of the United States federal tax form 4797 - Sales of Business Property and enter a capital gain threshold of one year. If you need different capital gains thresholds for different dates placed in service, such as the six month threshold for assets placed in service before January 1, 1988 in the United States, set up your asset category for the different date placed in service ranges with different thresholds. The reports only show assets that were sold, so assets without proceeds of sale do not appear. For items that were lost or stolen, run the Form 4684 - Casualties and Thefts Report.
How do I change the default report format?	To change from Oracle Business Intelligence Publisher (BI Publisher), edit the fixed asset catalog and choose the output format from the layout table in the view list.