Screen AL4684B - Alabama Business Casualty and Theft Loss (1040)

Overview

Use this screen to review information that transferred from the UltraTax CS asset module. All depreciation and amortization information transfers directly to this screen from the asset module when detailed data entry is used or from federal data entry when summary data entry is used and then transfers to the relevant form(s). It is important to report any state-related law differences and details in this screen.
UltraTax CS lets you specify how to enter asset information. You can enter it either in the asset module or in the various depreciation input screens. When you specify using the asset module as your method of asset data entry, this input screen isn't relevant and the tab for this input screen doesn't appear. Therefore, you'll need to enter a postal code for each asset in depreciation data entry.
note
For resident returns, all units created in the federal
8824
screen transfer to UltraTax/1040-AL. For nonresident and part-year returns, units created in the
8824
screen transfer only if the postal code entered for the asset is
AL
. Also, manually created units from the federal
8824
screen transfer only if the postal code in the input screen is
AL
.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close