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Screen ALC-2 - Alabama Profit or Loss from Business - Expenses (1040)

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Overview

The
ALC-2
 screen is virtually identical to the federal
C-2
 screen, and the information that appears in this screen is automatically transferred from the federal
C-2
 screen. Enter any state-related law differences and details in this screen. Use the
ALC-2
 screen to complete the recalculated Alabama version of federal Schedule C.

Schedule C - Expenses

Depletion adjustment (Force)
Use this field to force an amount other than the calculated amount. At print time, UltraTax CS automatically includes in the
Other expenses
 statement window an entry for the difference between federal and Alabama depletion amounts for any amounts entered in the UltraTax/Oil & Gas module or in
Depletion
 in the federal
C
 screen.
Depreciation adjustment (Force)
If you use the asset module, it determines the depreciation expense for each activity. Use this field to force a different amount; however, you may need to change the amount in the asset module to ensure that the state version(s) of the form(s) are correct.
Section 179 carryover
Use this field when there are differences between the federal and Alabama calculation of the Section 179 limitation. Enter last year's Section 179 carryover for this activity if different from the federal amount. For the current year, the Section 179 deduction is calculated based on Alabama income and any resulting carryover is automatically proforma'd to this field next year.

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