Screen ALRent-2 - Alabama Rent and Royalty Property - Vacation Home (1040)

Overview

The
ALRent-2
screen is virtually identical to the federal
Rent-2
screen, and the information that appears in this screen is automatically transferred from the federal
Rent-2
screen. Enter any state-related law differences and details in this screen. Use the
ALRent-2
screen to complete the Schedule E for resident and part-year tax returns and the recalculated Alabama version of federal Schedule E for nonresident tax returns. UltraTax CS transfers information from the Alabama Schedule E, Part 1 to Form 40, Page 2, Part 1 for resident and part-year tax returns. For nonresident tax returns, UltraTax CS transfers information from the Alabama version of federal Schedule E to the nonresident Alabama Schedule E, Part I.

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