See what the assets you already own will depreciate over the next five years, on the federal schedule and on your GAAP book.
Where this is in the app
Dashboard → open the return → Report tab → Report Template → 5-Year Asset Projection
What it covers, and what it does not
The report opens with an Existing register badge and the window it is projecting, for example 2026 – 2030, projected from tax year 2025. It projects five years forward from the return's tax year.
It covers the assets on this return today. Future purchases are not included, so the totals are a floor on what you already hold, not a forecast of total depreciation. The report says so on screen.
Section 179 and bonus are first-year deductions, so they are zero in every projected year.
Shape the table
Three controls sit above the tables.
Control | What it does |
Group by | GL account, Property type, Recovery class, Source category (the label each asset carried in from its import file; assets without one collect under (No source category) at the end), or Activity (assets without one collect under Unassigned activity at the end). Subtotals follow your choice; the grand total does not change |
Show individual assets | On by default. Turn it off for subtotals and grand totals only |
Include fully depreciated assets | Off by default |
Group by here is the projection's own control, inside the report. The header-row Group By the other reports use is not shown for this one.
One table per book
Federal comes first, then Book (GAAP), then one table for each state the entity files in.
Each table has an Asset column and one column per projected year, headed with that year's end date — 12/31/2026 through 12/31/2030 on a 2025 return. Rows run: the group heading, its assets, a subtotal line, and a Grand total at the foot.
An asset appears only where it depreciates. A vehicle with no book life shows on the federal table and not on the GAAP one.
Assets that cannot be projected
Some assets have no projection to give. They are never shown as a zero row, because a zero against a real asset reads as a bug. They are pulled out of the totals and listed under the table instead:
2 assets not projectable — excluded from the totals above
1 × Fully recovered — no depreciable basis remains as of the projection start.
1 × Disposed — no depreciation after the year of disposal.
Each line gives the count and the reason. The same count is repeated in the Assumptions box under the report.
Separately, an asset that projects nothing in any of the five years is simply left out.
Read the assumptions
Every run ends with an Assumptions box. It is short, specific, and worth reading before the numbers leave your desk. It states the register the projection was built from, that elections are held where they are, that business-use percentages are held constant, and how many assets were excluded.
A drop in qualified business use below 50% in a future year would change these figures and is not modelled.
Export it
Export offers Excel, CSV and PDF, all carrying the report on screen. The PDF is built by a background worker, so a large return finishes instead of timing out — a progress tracker appears and gives you a download link when it is ready.