Screen DCUBTC-2 - District of Columbia Franchise Schedule C-2 (1040)

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Overview

Use this screen to complete Form D-30, Page 1, and Schedules C and G.
Exclude activity from calculation as an unincorporated business franchise activity
You can't enter this field on the DCUBTC-2 screen. Remove the
X
from the
Exclude activity from calculation as an unincorporated business franchise activity
field on the DCUBTC screen.

Expenses

Depletion (Force)
This amount transfers from federal Schedule C and includes any depletion calculated on the Oil/Gas Well Schedules reported on federal Schedule C.
Depreciation (Force)
This amount transfers from federal Schedule C.
Taxes and licenses
Amounts entered in the
Taxes and Licenses
statement window in the federal C-2 screen attributed to state and local income or franchise taxes don't transfer to this statement window.
Mortgage interest / Interest - other
Form D-30, Schedule E reports the unincorporated business tax return entity the interest was paid to. Use the statement window to enter the name and address required for Form D-30, Schedule E. If any portion of the interest payments is made to related entities, enter the total of these payments on the UBTInc screen in the ’payments to related entities’ field.
Oil and gas
These amounts transfer from the federal OGCost and OGWell screens, if licensed.
Expenses from cost centers are to be reported in the cost of goods sold
Oil and gas expenses default to being reported on Form D-30, Schedule G, Other Allowable Deductions. Use this field to report these expenses as other costs on Form D-30, Schedule A, Cost of Goods Sold.

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