Screen MADepr - Massachusetts Depreciation Amounts (1040)

Overview

State depreciation, amortization, and Section 179 expense totals are shown in summary in this screen. All depreciation and amortization information transfers directly to this screen from the UltraTax CS fixed asset module and then transfers to the relevant form(s). Note that amortization (as coded in the UltraTax CS fixed asset module) is shown separately. UltraTax CS transfers information with respect to all forms and units, without regard to asset postal codes. However, when processing a Massachusetts part-year resident or nonresident return, UltraTax CS ignores all depreciation on forms and units that do not have applicable state input screens.
  • UltraTax CS provides a global option that allows you to specify how to enter asset information. You can enter it either in the fixed asset module or in the various depreciation-input screens. When you specify the fixed asset module as your method of asset data entry, this screen is not applicable and the depreciation tab for this input screen does not appear. For details, see Where do I enter asset data.
  • If you are not using the fixed asset modules and want to override depreciation or amortization amounts on the relevant form(s), you must enter the information in this input screen.

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