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Entering asset data for UltraTax CS personal property tax (PPT) returns

To enter asset data for UltraTax CS personal property tax returns, perform the following steps.
  1. Open the desired client.
  2. Open the Asset List window for an activity.
  3. Enable and set up associations that are required for UltraTax CS personal property tax returns.
  4. Do one of the following tasks to enter a situs for an asset.
    • For a single asset, double-click an asset and select a situs from the
      Situs
       box at the top of the Asset Detail window.
    • For multiple assets, select Edit, Reassign assets to reassign multiple assets to the appropriate situs.
    • For a multiple-unit activity such as a group of rental units, select Setup, Activity, and edit the activity.
  5. If you use associations (such as location or type) or if you want to use associations to sort or identify assets for PPT purposes, you can reassign a group of assets to PPT associations that are required for UltraTax CS personal property tax returns. Otherwise, you can proceed to the next step and enter PPT association data on an asset-by-asset basis.
  6. Open each asset in the Asset Detail window and enter the depreciation data and association data that is required for the personal property tax return.
    Where are the PPT association fields?
     After completing steps 2 and 3 above, the association field names are blue and they appear in the Asset Detail window or on the Other tab. You can customize the placement of association fields in the Asset Detail window.
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