Amend a consolidated return

To amend an 1120 Consolidated C Corporation return, follow the steps below.
  1. Open your 1120 Consolidated C client in UltraTax CS.
  2. Access the Amend Screen, in the Separate Filings folder.
  3. Enter an X in the
    Transfer original information
    checkbox, which will populate the
    Amounts as Previously Reported
    .
  4. Enter the
    Explanation of changes
    on the Amend Screen, in the Separate Filings folder, in the consolidated client.
  5. If a state return is attached to the client and also needs to be amended, access the Amend Screen, in the Separate Filings folder, within the state input screens, and complete the data entry.
  6. Make the changes at the federal level within the parent, subsidiary, and/or eliminations returns.
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