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Federal input screens

Screen A - Cost of Goods Sold (1065)

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Cost of Goods Sold

Beginning inventory (Force)
UltraTax CS defaults Form 1125-A, Inventory at beginning of year to Schedule L, Beginning of tax year Inventories. Enter an amount, including
0
 (zero), to use a different amount for Form 1125-A. If an amount is entered for any unit, then all units will need to be forced.
Type of cost - depreciation
By default, the application reports the Cost of Goods Sold depreciation from either the asset module or the
4562
 screen as additional section 263A costs. Use this field to report the Cost of Goods Sold depreciation as other costs.
Additional section 263A costs
Use the statement to enter additional IRC section 263A costs. By default, the application adds the amount in this field to the amount of Cost of Goods Sold depreciation from either the asset module or the
4562
 screen. Use
Type of cost - depreciation
 to report the Cost of Goods Sold depreciation as other costs.
note
Use
Depreciation (Force)
 and
Amortization (Force)
 in this screen to override the depreciation and amortization that the application calculates from either the asset module or the
4562
 screen.
Other costs, other than depreciation and amortization
Use the statement to enter other inventory costs. By default, the application reports Cost of Goods Sold depreciation from either the asset module or the
4562
 screen as additional section 263A costs. If you enter
2
 in
Type of cost - depreciation
, the application reports Cost of Goods Sold depreciation as other costs.
note
Use
Depreciation (Force)
 and
Amortization (Force)
 in this screen to override the depreciation and amortization that the application calculates from either the asset module or the
4562
 screen.
Ending inventory (Force)
The application defaults Form 1125-A, Inventory at end of year to Schedule L, End of tax year Inventories. Enter an amount, including
0
 (zero), to use a different amount for Form 1125-A. If an amount is entered for any unit, then all units will need to be forced.

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