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Federal input screens

Partner Data Entry > Custom Allocation Scheme dialog

Use the
Custom Allocation Scheme
 window to define a percentage or units allocation scheme for custom allocations.
To open the
Custom Allocation Scheme
 window, select
View
, then
Partner Information
, and select
Allocations
. In the
Allocations
 window, select
Edit
, then
Create Custom
, enter the custom allocation title in
Title
, select
Percentage
 or
Units
 as the method, and select
Next
.

Fields and buttons

Allocation scheme group box
UltraTax CS automatically allocates most amounts to partners using the partner's profit sharing percentage.
Mark this checkbox to allocate an amount in a manner that differs from the default allocation method. Next, select an option in this group box to define how you'll allocate the amount.
Select this option to use a single percentage column to specially allocate the amount to the partners.
Select this option to use a single unit column to specially allocate the amount to the partners.
Other fields and buttons
In the columns in this grid, add, edit, or delete the partner note and enter the unit or percentage to allocate to each partner. The option you select in the
Allocation scheme
 group box determines which columns appear.
  • Select the field in the
    Partner Note
     column for a partner to open the
    Field Note/Tick
     window to review, modify, or delete the partner's note.
  • Columns with a % heading are percentage columns.
  • Columns with a # heading are unit columns.
Select this button to open the
Distribute
 window to distribute a remaining percentage equally or pro rata to specific partners.
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