Partner Data Entry > Transfers of Capital Accounts dialog

Use this window to select the default capital account adjustment for transferring and receiving partners for new transfers of capital subsequently added to the partnership in the
Transfers of Capital
window in
Partner Data Entry
.
To open the
Transfers of Capital Accounts
window, select
View
,
Partner Information
,
Transfers of Capital
,
Setup
, then
Transfers of Capital Accounts
.

Fields and buttons

By default, UltraTax CS adjusts Property distributions for transferring partners in a transfer of capital. To change the default capital account adjustment for transferring partners, select a different component from the dropdown list. This capital account adjustment selection applies to any transfers of capital you subsequently add.
By default, UltraTax CS adjusts Property contributions for receiving partners in a transfer of capital. To change the default capital account adjustment for receiving partners, select a different component from the dropdown list. This capital account adjustment selection applies to any transfers of capital you subsequently add.
This window opens the first time you enter the
Transfers of Capital
window in
Partner Data Entry
. If you don't want this window to open the first time you enter the
Transfers of Capital
window, mark this checkbox. You can still open this window in the
Transfers of Capital
window; to do so, select
Setup
, then
Transfers of Capital Accounts
. To prompt this window to open again the first time you enter the
Transfers of Capital
window, select
Setup
,
1065 Partnership
,
Other Return Options
,
Other
tab, and mark the
Prompt to enter transfers of capital defaults the first time Transfers of Capital is accessed
checkbox.
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