Screen KYSale - Kentucky Sales (1065)

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Forms 4797 and 6252 - General Information

Treatment
The available codes controls where the information appears on the Kentucky version of Form 4797. Detailed asset data entry automatically enters the code based on the nature of the asset. Use the F4 fieldview to override the code that UltraTax CS enters, if desired.

Form 4797, Part III - Recapture

Additional depreciation after 1975 / … / Applicable percentage
These boxes pertain to the Kentucky version of Form 4797, Part III. The numbers shown to the left of the items, such as 28(a), refer to the line numbers on the Kentucky version of Form 4797, Page 2.
Do
not
use this section to enter assets that were sold at a loss. If amounts are entered in detailed asset data entry, UltraTax CS displays federal amounts for the Kentucky version of Form 4797, Part III, lines 26(a), 26(b), 26(d), 27(a), 27(b), 28(a), and 29(a). UltraTax CS displays the state depreciation on the Kentucky version of Form 4797, Part III, line 25(a) if amounts are entered in detailed asset data entry.

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