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Consolidation

Add a Form 1120 consolidated return

Follow these steps to add a Form 1120 consolidated return.
  1. Select
    File
    , then
    New Client
    .
  2. Select
    1120
     in the
    Federal
     tab. Select
    Consolidated C
     from the dropdown.
  3. Select
    Advanced Properties
    .
  4. Select the
    Group
     tab.
  5. To add the parent company for the consolidated return, select the company name in the C Corporations available to consolidate group list, then
    Select Parent
    .
  6. To add the eliminations company for the consolidated return, select the company name in the C Corporations available to consolidate group list, then
    Select Eliminations
    .
  7. To add a subsidiary company for the consolidated return, select the company name in the C Corporations available to consolidate group list, then
    Select Subsidiary
    . Add more subsidiary companies as needed.
  8. Select the
    Options
     tab. In addition to the amounts that UltraTax CS automatically combines, you may select more amounts to combine for a consolidated return. Mark the checkbox for each category you want to add. All member values in each category marked will combine into the consolidated return.
  9. Select
    OK
     to close the Advanced Properties window.
  10. Select
    OK
     again to close the New Client window.
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