CCH Axcess Tax

X to Adjust Asset Basis by Business Use Percentage

If an entry is made in this field, and also on the Depreciation worksheet > Listed Property and Percent Excluded section > 2019 Percent Excluded field for 2020 percent excluded, the cost of the asset will be multiplied by the business use percentage for inclusion on the balance sheet. This will be done on a return wide basis.

Example: If the cost of an asset is $100,000, and the entry on the Depreciation worksheet > Listed Property and Percent Excluded section > 2019 Percent Excluded field is 0.25, the cost basis of the asset that is reflected on the balance sheet will be $75,000.

Product Support - support.cch.com/axcess

Customer Support Knowledge Base - support.cch.com/kb

Customer Support Contacts - support.cch.com/contact