Classify assets for apportionment
Follow these steps to classify assets to transfer to the
Property
tab in the Apportionment Information
window.note
- Only assets with an apportion code association will transfer to theApportionment Informationwindow.
- Property information will transfer to the corresponding fields in the Apportionment Information window based on the situs and the apportion code classification. Assets classified with an apportion code that has a situs of a state return attached to the current client will transfer to the corresponding field of that state column in thePropertytab. Assets classified with an apportion code that has a blank situs or a situs of a state not attached to the current client will transfer to the corresponding field in the Other column in thePropertytab.
- Amounts that transfer from theAsset Detailwindow will display in blue in thePropertytab.
- The only assets that will display in thePropertytab are those you've selected an apportionment code for in theAsset Detailwindow.
- Information doesn't transfer to statement windows. When you code asset detail to a field with a statement window, the information transfers only if the field doesn't already contain information.
- Select theAssettab in the federal activity.
- SelectSetup, thenAssociations.
- Select theApportion codeassociation, thenOK.noteThis association is automatically available for all clients with at least 1 attached state return.
- Select the asset you want to classify, thenModify.
- Select the property factor component from theApportion codeassociation.
- SelectDone.
