Every asset. Every method. Every jurisdiction
The most complete fixed asset and depreciation system built into a tax platform. MACRS, ADS, ACRS, Section 179, bonus depreciation, cost segregation, dispositions, like-kind exchanges — all calculated automatically across federal and 50 states.
Every IRS-recognized method. Built in
MACRS (GDS), ADS, ACRS for pre-1987 assets, straight-line, declining balance, income forecast, units of production, sum-of-years-digits. Instead auto-selects the correct method based on asset class, recovery period, and placed-in-service date.
- MACRS (GDS) — 3, 5, 7, 10, 15, 20, 25, 27.5, 31.5, 39-year property
- ADS — required for tax-exempt use, foreign use, listed property
- ACRS — full support for pre-1987 placed-in-service assets
- Straight-line, declining balance, income forecast, units of production
- Auto-selects method by asset class and convention (HY, MQ, MM)
Maximize first-year deductions. Automatically
Full Section 179 expensing with annual limits, phase-out tracking, and entity-level optimization. Bonus depreciation with automatic rate management as the phase-down progresses — 100%, 80%, 60%, 40%, 20%. Elections and opt-outs per asset.
- Section 179 annual limits with phase-out calculations
- Entity-level 179 optimization across all assets
- Bonus depreciation rate management (100%–20%)
- Per-asset election and opt-out tracking
- Automatic qualified property determination
Accelerate real property depreciation
Break down real property into component assets for accelerated depreciation. Reclassify 39-year and 27.5-year property into 5, 7, or 15-year recovery periods. Automatic catch-up depreciation via Form 3115 change of accounting method.
- Component-level reclassification from 39-year/27.5-year property
- Automatic reclassification to 5, 7, or 15-year assets
- Form 3115 catch-up depreciation calculations
- Section 481(a) adjustment tracking
Sell, exchange, or dispose. Tracked
Full Section 1031 like-kind exchange tracking with Form 8824 generation. Gain/loss calculations, boot recognition, and basis allocation across replacement properties. Partial dispositions, casualty losses, and abandonment.
- Section 1031 exchange with Form 8824 generation
- Gain/loss calculations and boot recognition
- Basis allocation across replacement properties
- Partial dispositions under Reg. 1.168(i)-8
- Casualty loss and abandonment tracking
Luxury auto limits. Handled
Auto-applies Section 280F luxury automobile depreciation limits. Tracks business-use percentage year over year. Supports both actual expense method and standard mileage. Annual Lease Value calculations for employer-provided vehicles.
- Section 280F luxury auto limits applied automatically
- Business-use percentage tracking by year
- Actual expense vs. standard mileage method
- Annual Lease Value for employer-provided vehicles
- Listed property recapture when use drops below 50%
One asset. Every treatment
Simultaneous depreciation across tax, book/GAAP, AMT, ACE, E&P, and custom treatments.
Tax depreciation
Federal MACRS/ADS with all elections, conventions, and recovery periods applied automatically.
Book / GAAP
Financial reporting depreciation with useful life, salvage value, and impairment tracking.
AMT treatment
Alternative minimum tax depreciation using 150% DB for personal property placed in service before 1999.
ACE & E&P
Adjusted current earnings and earnings & profits depreciation for corporate taxpayers.
Book-tax differences
Automatic M-1/M-3 difference calculations with temporary vs. permanent classification.
State conformity
Attach states and see where each state differs from federal on bonus and Section 179.
Custom treatments
Define custom depreciation books for management reporting, projections, or regulatory requirements.
Side-by-side comparison
Compare depreciation across all treatments for any asset or group of assets in a single view.
50-state depreciation. Automatic
Every state handles depreciation differently. Some conform to federal bonus depreciation, some don’t. Some limit Section 179, some match. Instead tracks every state’s conformity rules and calculates the difference from federal automatically.
Auto-conformity
State rules applied automatically based on current conformity dates and elections.
State overrides
Override bonus and 179 rules at the state level. See the depreciation impact vs. federal.
Multi-state reporting
State depreciation schedules for every jurisdiction. Ready for state return attachment.
Depletion, IDCs, and mineral rights
Full support for the unique depreciation and depletion rules of oil & gas, mining, and natural resource industries. Cost depletion, percentage depletion, intangible drilling costs, and geological & geophysical amortization.
- Cost and percentage depletion calculations
- Intangible drilling costs (IDC) — expense vs. capitalize election
- Geological & geophysical (G&G) amortization
- Working interest and royalty tracking
- Section 613/613A depletion limitations
Every form. Every schedule
Auto-generates Form 4562, Form 8824, AMT depreciation schedules, and state depreciation reports. Run projected depreciation forecasts for any time horizon. Model what-if scenarios before committing elections.
- Form 4562 — Depreciation and Amortization
- Form 8824 — Like-Kind Exchanges
- AMT and state depreciation schedules
- Multi-year depreciation projections
- What-if scenario analysis for elections and methods
Add assets in seconds,
not hours
OCR and AI scanning of asset invoices. CSV import from any prior system. Bulk asset entry for large portfolios. Barcode scanning for physical asset tracking. Lump-sum purchase allocation across multiple assets.
- OCR/AI invoice scanning — extract asset details automatically
- CSV import from any depreciation software
- Bulk asset entry for large portfolios
- Barcode scanning for physical asset tracking
- Lump-sum allocation across multiple assets
Enterprise-grade protection for every asset
User permissions
Owner and Member roles. Control who accesses which clients and asset records.
Full audit trail
Every change to every asset logged. Revert any modification at any time.
SOC 2 Type II
Annual security audit. IRS-authorized e-file. 256-bit encryption.
File tax returns nationwide
First company in decades to receive approvals at every level of government.
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
WyomingThe software is free. You pay for the agent
Manage every fixed asset by hand at no cost. When you want the agent to handle depreciation calculations, elections, and multi-state conformity, pay per credit.
Track any asset
Free to start.
Run the agent
Pay per credit.
See fixed assets in action
Watch Instead calculate MACRS depreciation, optimize Section 179 elections,
and generate Form 4562 automatically.
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