Triva isn't available right now.
Check out the support page for our phone number and hours
Legal
Recommended Products
-
CoCounsel
Move faster and accomplish more with a professional-grade, generative AI assistant that transforms the way you work. Thomson Reuters CoCounsel is with you every step of the way, backed by authoritative content and industry-leading expertise.
-
Westlaw
Conduct legal research efficiently and confidently using trusted content, proprietary editorial enhancements, and advanced technology.
-
Practical Law
Accelerate how you find answers with powerful generative AI capabilities and the expertise of 650+ attorney editors. With Practical Law, access thousands of expertly maintained how-to guides, templates, checklists, and more across all major practice areas.
Questions? We are here to help
Tax & Accounting
-
Top products for corporations
-
Top products for accounting firms
Recommended Products
-
CoCounsel
Move faster and accomplish more with a professional-grade, generative AI assistant that transforms the way you work. Thomson Reuters CoCounsel is with you every step of the way, backed by authoritative content and industry-leading expertise.
-
UltraTax CS
Provides a full line of federal, state, and local programs. Save time with tax planning, preparation, and compliance.
-
1040SCAN
Automate work paper preparation and eliminate data entry
Questions? We are here to help
Trade & Supply
Recommended Products
-
Foreign Trade Zone Management
Software that keeps supply chain data in one central location. Optimize operations, connect with external partners, create reports and keep inventory accurate.
-
Indirect Tax
Automate sales and use tax, GST, and VAT compliance. Consolidate multiple country-specific spreadsheets into a single, customizable solution and improve tax filing and return accuracy.
Questions? We are here to help
Risk & Fraud
Recommended Products
-
CLEAR
Search volumes of data with intuitive navigation and simple filtering parameters. Prevent, detect, and investigate crime.
-
Fraud Detect
Identify patterns of potentially fraudulent behavior with actionable analytics and protect resources and program integrity.
-
ID Risk Analytics
Analyze data to detect, prevent, and mitigate fraud. Focus investigation resources on the highest risks and protect programs by reducing improper payments.
Questions? We are here to help
News & Media
Recommended Products
-
Reuters Connect
Around the globe, with unmatched speed and scale, Reuters Connect gives you the power to serve your audiences in a whole new way.
-
Reuters Plus - Content Studio
Reuters Plus, the commercial content studio at the heart of Reuters, builds campaign content that helps you to connect with your audiences in meaningful and hyper-targeted ways.
-
Reuters.com Platform
Reuters.com provides readers with a rich, immersive multimedia experience when accessing the latest fast-moving global news and in-depth reporting.
Questions? We are here to help
Books
Recommended Products
-
What's new in legal products
Shop our latest titles
-
Shop tax customer favorites
ProView Quickfinder favorite libraries
Questions? We are here to help
Developers
-
APIs by industry
-
Related sites
-
United States Support
-
International support
-
New releases
-
Join a TR community
-
Free trials & demos
Summary Change of Use when Electing 163(j)(7)(B) or (C) dialog
Use this window to make change of use changes to the selected asset all at one time based on the original method and life. Verify that you have marked the activity as making the election under 163(j)(7)(B) or (C).
- Open the client and, if necessary, select an activity folder.
- Open thewindow for an activity.Asset List
- SelectTasks, thenMass Change of Use when Electing 163(j)to open thewindow.Mass Change of Use when Electing 163(j)
Tax year of change of use
This field shows the tax year that you made the election under code section 163(j)(7)(B) or (C). Select
Setup
, then Activities
to elect the activity.Treatment
This field shows the treatment affected by the change of use. All treatments that qualify for the change of use appear in the list.
Exclude
Select this field to prevent the treatment from calculating the change of use for the selected assets.
note
By default, Fixed Assets CS excludes the book treatment from change of use unless the book treatment is set equal to tax.
Original Method
This column shows the original method used to depreciate each treatment.
Original Life
This column shows the original life used for depreciation for each treatment.
New Method
This field shows the new method being used for the asset. This method will always be MACRS SL ADS.
New Life
This column shows the new life of the asset.
New ADS Life
This column shows the new ADS life of the asset. You can change the default selection for this field by entering your own value. Fixed Assets CS uses the following default lives based on the asset.
- All MACRS 10 year life ADS life ADS life 15
- MACRS SL Class life 15 year life ADS life 39
- All other MACRS methods 15 year ADS life 20
- All MACRS 20 year life ADS life 25
- All MACRS 25 year life ADS life 50
- All MACRS 27.5 year life ADS life 40 if placed in service prior to 1/01/18
- All MACRS 27.5 year life ADS life 30 if placed in service after 12/31/17
- All MACRS 31.5 year life ADS life 40
- All MACRS 39 year life ADS life 40