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Form 5278, Part 3, Section 1 or 2 not filling in
UltraTax/Michigan PPT won't transfer asset information entered in the Asset tab to
Form 5278, Part 3
. Complete the data entry for any asset you need to report on Form 5278, Part 3
in the Total cost of assets
statement window of the MLRet-5 screen. Data entered in this statement window will transfer to Form 5278, Part 3, Section 1 or Section 2
based on how you answer questions 1 through 7. Review the following to determine if you need to report assets in the current assessment period: IFT (P.A. 198) Property Reporting and Treatment and IFT (P.A. 198) Property Reporting and Treatment.