Using Your Assets to Generate a Section 250 Deduction

If your company earns intangible income overseas and wishes to take the Section 250 deduction, then certain requirements must be met.  Fortunately, with Sage Fixed Assets, there is a process to easily comply with the fixed assets (i.e. QBAI) requirements of Section 250. The Foreign-derived Intangible Income (FDII) and Global Intangible Low-taxed Income (GILTI) deduction is available in tax years beginning in 2018.

See the attached PDF Section 250 Compliance - Creating a New ADS Depreciation Book to learn how to use the Sage Fixed Assets features Copy Book and Bulk Edit to easily comply with the Section 250 QBAI requirements. You can contact support at 1-800-331-8514 if you have additional questions and as always be sure make regular backups of your data.

Section 250 Compliance - Creating a New ADS Depreciation Book.pdf

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