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Mass Change of Use when Electing 163(j) window

Use this window to calculate mass change of use for prior year assets for activities that made the election under code section 163(j)(7)(B) or (C). Verify that you have marked the activity as making the election under 163(j)(7)(B) or (C).
  1. Open the client and, if necessary, select an activity folder.
  2. Open the Asset List window for an activity.
  3. Select
    Tasks
    , then
    Mass Change of Use when Electing 163(j)
     to open the
    Mass Change of Use when Electing 163(j)
     window.
Real property trade or business
The
Mass Change of use when Electing 163(j)
 window is available for any activity that
  • is marked for making the election under 163(j)(7)(B) or (C), and
  • has more than one prior-year MACRS real property assets that aren't fully depreciated.
Farming business
The
Mass Change of use when Electing 163(j)
 window is available for any activity that
  • is marked for making the election under 163(j)(7)(B) or (C), and
  • has more than one prior-year MACRS assets with a recovery period of 10 years or more that aren't fully depreciated.
Change of use options
Select this option to make the change of use changes to all selected asset at 1 time based on the original method and life. For example, for multiple assets that are MACRS 39.0 year real property, all of them will update to the new life and new ADS life.
Select this option to make the change of use changes to all selected assets at 1 time, while retaining the option to review the information on an individual asset-by-asset basis.
Mark this checkbox to select assets that have already been through the process for change of use.
Focus asset listing group box
For each association that maintains a list, a field appears here. Use these fields to limit the Assets available to select pane.
  • To include all assets assigned to a particular association, select
    (All [association])
    .
  • To include only assets assigned to a particular association value, select the value.
  • To include all assets that haven’t been assigned to a particular association, select
    (No [association] association)
    . For example, to include the list of all assets not assigned to a location, select
    (No Location association)
    .

This article applies to:

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