Prepare an eliminations client
Enter eliminating entries for a consolidated group in an eliminations client. You'll set up eliminations clients in the same way as parents or subsidiaries of a consolidated group. Enter amounts to add as positive values, and amounts to subtract as negative values. UltraTax CS doesn't assume entered amounts are negative. Prepare an eliminations return like a regular return, and make sure it's balanced.
note
The client is designated as eliminations when it's added to the consolidated group via
File
, Client Properties
, Advanced Properties
, the Group
tab for the consolidated client.
