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Screen SCDepr - South Carolina Depreciation Adjustments (1065)

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Adjustments for Differences in Depreciation

Depreciation adjustment to ordinary business income (loss)
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the amount of adjustment if you are not using the detailed asset data entry.
note
The adjustment represents the difference between
Tax
 and the
SC treatment
 columns in the detailed asset data entry. This amount appears on Form SC1065, Schedule SC-K, column B, line 1.
Depreciation adjustment to net real estate rents (loss)
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the amount of adjustment if you are not using the detailed asset data entry.
note
The adjustment represents the difference between
Tax
 and the
SC treatment
 columns in the detailed asset data entry. This amount appears on Form SC1065, Schedule SC-K, column B, line 2.
Depreciation adjustment to other net rents (loss)
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the amount of adjustment if you are not using the detailed asset data entry.
note
The adjustment represents the difference between
Tax
 and the
SC treatment
 columns in the detailed asset data entry. This amount appears on Form SC1065, Schedule SC-K, column B, line 3.
Depreciation adjustment to royalties
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the amount of adjustment if you are not using the detailed asset data entry.
note
The adjustment represents the difference between
Tax
 and the
SC treatment
 columns in the detailed asset data entry. This amount appears on Form SC1065, Schedule SC-K, column B, line 7.
Depreciation adjustment to other deductions
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the amount of adjustment if you are not using the detailed asset data entry.
note
The adjustment represents the difference between
Tax
 and the
SC treatment
 columns in the detailed asset data entry. This amount appears on Form SC1065, Schedule SC-K, column B, line 13d.
Adjustment to income for disposition of assets
UltraTax CS automatically calculates the amount based on data entered in the detailed asset data entry. Use the
Force
 field to enter the addition if you are not using the detailed asset data entry.
note
The adjustment represents the difference between the total depreciation in the
Tax
 column and
SC treatment
 column in the detailed asset data entry for any assets disposed of during the current year. This amount appears on Form SC1065, Schedule SC-K, column B, line 11.

Adjustments for Start-up/Organizational Expense Differences

Start-up / org expense adjustment to ord business income (loss) /… / Start-up/org expense adjustment to other deductions
UltraTax CS automatically calculates the amount based on amounts used on federal Form 4562. Use the
Force
 field to enter the amount of adjustment when different than the federal amount.

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