Asset depreciation issue for 1065 New Hampshire returns

If you enter asset information for a 1065 state or city return in the asset module, note that some 1065 state and city returns have depreciation issues.

Data calculation and transfer

After UltraTax CS calculates depreciation and amortization, the application transfers depreciation and amortization amounts for assets entered in the
NH
column of the asset module to the
NHDepr
screen. UltraTax CS then transfers the depreciation and amortization amounts to the Depreciation and Section 179 Adjustment Worksheet, and then to Form NH-1065.
Current-year asset disposition information transfers directly to the
NHSale
screen. UltraTax CS then transfers the sales information to the various state forms, such as New Hampshire Form 4797, New Hampshire Form 6252, and New Hampshire Disposition Worksheet.

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