Screen HI4684B - Hawaii 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 into the
HI4684B
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 the
HI4684B
screen.
UltraTax CS lets you specify how you want to enter asset information. You can enter it either in the asset module or in the various depreciation input screens. When you specify that you want to use 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
All units created in the federal
4684B
screen are transferred to UltraTax/1040-HI. For nonresident and part-year returns, all units created in the federal
4684B
screen are used to calculate Form N-15, Column A. Form N-15, Column B calculates from units only when postal code
HI
is entered for the casualty.

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