Screen ALSale - Alabama Sale of Business Property (1040)

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Overview

All depreciation and amortization information transfers directly to this screen from the UltraTax CS asset module and then transfers to the relevant form(s).
For resident returns, all units created in the federal
Sale
screen transfer to UltraTax/1040-AL. For the nonresident and part-year returns, units created in the
Sale
screen transfer only if the postal code you enter for the asset is
AL
. Also, manually created units from the federal
Sale
screen transfer only if the postal code in the input screen is
AL
.

General Information

State doesn’t conform to section 179 QRP treatment
UltraTax CS automatically marks this box to indicate that the corresponding federal sale of Section 179 QRP doesn't apply for state purposes, so the sale isn't reported. The screen is completed for consistency with the corresponding federal screen unit.

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