Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
-
Corporations
-
Governments
Success stories
-
A true competitive advantage
Law firm Zarin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
-
Tax, audit & accounting
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR
Powerful software designed for law enforcement, compliance, risk, and fraud investigators. Conduct thorough investigations with ease using our intuitive online investigation software. Efficiently, prevent, detect, and solve crime.
Questions? We are here to help.
Purchase
Resources
-
Product training
-
Product communities
-
Developers
Highlights
-
2026 SKILLS Showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen MEDepr - Maine Depreciation Adjustments (1065)
Show all hidden content
Current Year Depreciation Adjustment
Bonus depreciation add-back (Force)
UltraTax CS automatically calculates this amount based on data entered in detailed asset data entry. Use the
Force
box to enter this amount if you didn't use detailed asset data entry or to override the calculated amount. This amount is reported on Schedule K-1, ME Partner’s Share of Modifications and Supplemental Info Worksheet and the ME Depreciation Adjustment Worksheet.note
Bonus addback amounts are calculated as the difference between the federal and Maine state column in the Asset tab which calculates depreciation using federal rules assuming no bonus depreciation. As of 2011, no Section 179 addback is required and the Maine elected Section 179 amount should be the same as the federal elected 179 amount. Entering a Maine Section 179 election amount different from the federal amount will cause the bonus addback to be incorrect.
Pass-through bonus depreciation add-back
Use this box to enter the amount of the current-year bonus depreciation add-back this entity received from a pass-through entity. This amount is reported on Schedule K-1, ME Partner’s Share of Modifications and Supplemental Info Worksheet and the ME Depreciation Adjustment Worksheet.
Capital investment credit bonus depreciation add-back (Force)
UltraTax CS automatically calculates this amount based on data entered in detailed asset data entry. Use the
Force
box to enter this amount if you didn't use detailed asset data entry, or to override the calculated amount. This amount is reported on Schedule K-1, ME Partner’s Share of Modifications and Supplemental Info Worksheet and the ME Depreciation Adjustment Worksheet.note
Capital investment tax credit addback isn't recaptured. The only recapture for this occurs when assets are removed from service within one year of claiming the credit. To get this recapture, you'll need to first amend the prior-year return (where the original addback was required) and remove the addback and credit; then you recalculate the regular bonus addback. If you amended after proforma, use
ME addback
on the Asset tab to enter the original addback and adjust the Maine column of the asset to reflect the proper prior depreciation; then recalculate current-year depreciation to get the correct recapture of bonus information on the Maine return.Prior Year Recapture
Bonus and section 179 recapture
UltraTax CS proformas the original add-back amount from the prior year into the statement. UltraTax CS also automatically calculates the 2023 recapture amounts based on data entered in detailed asset data entry. You may manually enter the adjustment amount, per class life, if you didn't use detailed asset data entry in prior years or to override the proforma’d amount.
Bonus depreciation recapture (Force)
UltraTax CS proformas this amount from the prior year. You may manually enter the recapture amount if you didn't use detailed asset data entry in the prior year or to override the proforma’d amount.
Pass-through - bonus and section 179 recapture
Use this box to enter the amount of prior-year bonus and Section 179 recapture received from a pass-through entity. This amount is reported on Schedule K-1, ME Partner’s Share of Modifications and Supplemental Info Worksheet and the ME Depreciation Adjustment Worksheet.
Pass-through - bonus recapture
Use this box to enter the amount of prior-year bonus recapture received from a pass-through entity. This amount is reported on Schedule K-1, ME Partner’s Share of Modifications and Supplemental Info Worksheet and the ME Depreciation Adjustment Worksheet.