Considerations for filing a Florida PPT return

  • If you filed Form DR-405EZ in a prior year and don't need to file Form DR-405 in the current year:
    1. Select the
      Property
      folder in the FL-PPT input screens.
    2. Select the
      Return
      screen.
    3. Mark the
      Exemption Application and Return (form DR-405EZ) filed in prior year
      checkbox to suppress printing of Form DR-405.
  • To edit assessors' names and addresses, select
    Setup
    ,
    Entity
    ,
    Florida PPT
    , then
    Assessors Info
    .
  • If you don't enter an
    Age
    association, UltraTax CS automatically calculates the age using the
    Date Acquired
    field.
  • If you don't enter a
    Condition
    association, UltraTax CS automatically assigns
    Average
    . Options for
    Condition
    include
    Good
    ,
    Average
    , and
    Poor
    .
  • If you don't enter a
    Fair Market Value
    association, and you select the option to use the NBV as FMV on the Gen screen in the General folder for the FL-PPT input screens, the NBV transfers to the return.
  • If you select
    X - Exempt
    for the PPT Type, the asset won't transfer to the FL PPT return.
  • Include the county identification number on all county returns. Enter the county ID number in the
    County Identification
    field on the Return screen or the Gen screen.
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