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Screen KAInv - Kentucky PPT - Inventory

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Overview

Use this screen to complete Form 62A500, Page 1.

General Information

UltraTax CS uses the information entered in this section to complete Form 62A500.
Used boats held for sale (dealers only)
In this statement dialog, enter the taxpayer’s valuation of used boats held for sale (dealers only).
Motor vehicles held for sale (dealers only)
Use the statement dialog to enter the taxpayer’s valuation of motor vehicles held for sale (dealers only).
Unmanufactured tobacco products
Enter the taxpayer’s valuation of unmanufactured tobacco products not at the manufacturer’s plant or in the possession of the grower or his/her agent.
Other unmanufactured agricultural products
Enter the taxpayer’s valuation of other unmanufactured agricultural products not at the manufacturer’s plant or in the possession of the grower or his/her agent.
Unmanufactured agricultural product at manufacturers plant
Enter the taxpayer’s valuation of unmanufactured agricultural products at the manufacturer’s plant or in the possession of the grower or his/her agent.
Construction work in progress (manufacturing machinery)
Enter the original cost of machinery and equipment that eventually becomes part of the manufacturing process. This is classified as manufacturing machinery during the construction period.
Construction work in progress (other tangible property)
Enter tangible property that does not become part of the manufacturing process during the construction process.

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