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Screen WI8824 — Wisconsin Like-Kind Exchange (1040)

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Overview

All depreciation and amortization information transfers directly on this screen from the UltraTax CS fixed asset module and then transfers to the relevant form(s). Report any state-related law differences and details in this screen.
note
  • You can use the global option in UltraTax CS to specify how you want to enter asset information. Enter it in the fixed asset module or in the depreciation input screens. When you specify that you want to use the fixed asset module as the method of asset data entry, this screen isn't relevant and the depreciation tab for this input screen don't appear.
  • If you're not using the fixed asset module and want to replace depreciation or amortization amounts on the relevant form(s), enter the information in this screen.
  • All federal
    8824
     screen information transfers to UltraTax/1040-WI. All units are included in the calculations for total sources. For nonresident and part-year resident returns, only units with the
    WI
     ZIP code are included in WI source calculations.

General information

Information is transferred to this screen from federal
8824
 screen.
Treatment (A code should be manually entered for all assets not in the asset modules)
The force code describes the nature of the asset and tells UltraTax CS where to transfer this information. If you don't want to use the fixed asset module, enter a force code based on the nature of the asset.

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