Screen KY4684B - Kentucky Business Casualty and Theft Loss (1040)

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Overview

Use this screen to review information that transferred from the UltraTax CS fixed asset module. All depreciation and amortization information transfers directly into the
KY4684B
screen from the fixed asset module when detailed data entry is used, or from federal data entry when summary data entry is used, and then transfers to the relevant form(s). It's important to report any state-related law differences and details in the
KY4684B
screen.
UltraTax CS lets you specify how you want to enter asset information. You can enter it either in the fixed asset module or in the various depreciation input screens. When you specify that you want to use the fixed asset module as your method of asset data entry, this input screen isn't available and the tab for this input screen doesn't appear. You'll need to enter a postal code for each asset in depreciation data entry.
For resident returns, all units created in the federal
4684B
screen transfer to UltraTax/1040-KY. For nonresident and part-year returns, units created in the
4684B
screen transfer only if the postal code entered for the asset is
KY
. Also, manually created units from the federal
4684B
screen transfer only if the postal code in the input screen is
KY
.

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