Use detailed asset data entry for apportionment
Follow these steps to use detailed asset data entry on the
Property factor
tab in the Apportionment Information
window.- SelectView, thenApportionment.
- SelectApportionmentand markUse Asset Detail.
- UltraTax CS makes this option available by default. This option isn't available if you're using summary asset data entry.note
- When you markUse Asset Detail, information transferred from theAsset Detailwindow to a field in thePropertytab is read-only, unless you attach a statement window.
- Clear theUse Asset Detailcheckbox to manually enter property factor information.
- You can transfer the year-end cost and accumulated depreciation to the corresponding fields for the following property factor components:
- Buildings
- Leasehold improvements
- Machinery
- Equipment
- Transportation or delivery equipment
- Furniture and fixtures
- Construction in progress
- Other tangible assets
- Depletable assets
- Other property or assets
- Land
- If the Book column includes data, UltraTax CS will transfer those amounts. If there's no data in the Book column, amounts from the Tax column transfer to thePropertytab.
- UltraTax CS doesn't transfer the information entered in theAsset Detailwindow to the state tabs or to statement windows.
