The M&S Consulting e1031 software is a robust system that can handle the most complex scenarios for largest of organizations:
- A sophisticated matching algorithm accelerates the recognition of depreciation and maximizes deferred gain.
- Maintains adjusted basis for all replacement properties used in matches.
- Supports MACRS and AMT depreciation, including IRS 2000-4 ?step-in-the-shoes? depreciation.
- Supports 30%, 50%, or any other bonus depreciation.
- Supports multiple asset classes and tax entities.
- Automated disqualification of assets that do not comply with IRS 1031.
- Standard reports include the IRS 8824; Income Gain and Loss; and Depreciation by Region, State, Company, Date Range, and individual lease.
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