Screen HIF2 - Hawaii Farm - Expense (1065)

Show all hidden content

Overview

Depreciation expense (Force) / Amortization (Force)
When using detailed asset data entry, UltraTax CS determines the depreciation and amortization expense for each farm activity. If the depreciation or amortization amount is incorrect, use
Depreciation expense (Force)
or
Amortization (Force)
in this input screen.
However, it is strongly recommended that you change the amount in detailed asset data entry to ensure Hawaii Form 4562 and Schedule F for Hawaii are correct. Note that if you enter the amounts in detailed asset data entry, the depreciation or amortization forced in the federal F-2 screen do not appear in these boxes.
note
If detailed asset data entry is
not
used and if the state depreciation or amortization expense differs from the amount entered in the federal screens, use the HI4562 screen to enter depreciation and amortization expense.
Taxes
UltraTax CS transfers the taxes deducted in the federal F screen to this statement. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. UltraTax CS displays the modified column in black and won't overwrite the new data with subsequent federal-to-state data transfers.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close