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Program basics

Select data plan when importing from UltraTax/1040

To open this screen, select
Utilities
Planner CS (Export) in UltraTax/1040
.
note
The
Import Client Data
 screen opens automatically when you're importing data from UltraTax/1040.
Select 1 of the following options:
  • New Plan
    : Select this option then select
    OK
     to open the
    Import New Plan
     screen in Planner CS.
  • Existing Plan
    : Select this option then select
    OK
     to open the
    Import to Existing Plan
     screen.
    note
    You can't export to certain existing plans, such as a TCJA Comparison Plan, Annualized plan, a Family plan, or a plan in which the import year precedes the 1st plan year.
  • TCJA Comparison Plan
    : Select this option then select
    OK
     to open the
    Import New Plan
     screen.
    • Select
      OK
       to create a new plan that illustrates the effects of the Tax Cuts and Jobs Act (TCJA) on a client’s income tax liability.
    • This plan has a side-by-side comparison of the client data with and without the TCJA: the 2018 client data with the tax liability calculated under the 2017 law displays in the 1st column, and the tax liability calculated using the provisions of the TCJA displays in the 2nd column.
    note
    • You can edit the plan data after creating the TCJA Comparison Plan. For example, enter the amount of income or loss for the qualified business income deduction for applicable business activities on the
      Activities
      Data Entry
      Qualified Busn Inc tab
      .
    • The TCJA Comparison Plan includes a 3rd column that displays the difference between the 1st 2 columns for each row in the plan. Select
      View
      Difference Analysis
       to exclude the Difference Analysis column from the plan.
    • When a TCJA Comparison Plan is open, certain Planner CS menu commands are unavailable. Examples include the
      MFS Split
       utility and adding or deleting years or alternatives.

This article applies to:

  • PRODUCT: Planner CS