Share data between members of a controlled group

To share data between members of a controlled group, complete the following steps.
  1. Complete the tax return for each member of the controlled group. Make sure you enter the taxpayer identification number in
    File
    , then
    Client Properties
    , and you select the
    Part of controlled group
    field in the
    1120
    screen.
  2. Preview the tax return for all the members of the controlled group.
  3. Open each member's tax returns to import financial data to the
    Ctrl-2
    screen. If there's a new member in the controlled group this year, enter the corporation's EIN in the
    Ctrl-2
    screen, and UltraTax CS will automatically import the information.
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