Asset depreciation issue for 1065 Texas 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
TX
column of the cost of goods sold asset module to the TXAdj
or TXAdja
screen. UltraTax CS uses this information to complete Form 05-158 and/or the Texas Combined Worksheet.
