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Federal input screens

Screen 8594 - Asset Acquisition Statement (1120)

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Assets Transferred

Class I-VII Aggregate Fair Market Value
The application automatically allocates the amount entered in the
Total sales price
 field to various classes of assets, based on the fair market value entered for each class type.

Supplemental Statement

Transfer original information
Enter
X
 in this field to transfer the information contained in the return the last time it was printed or print previewed.
Before you enter
X
 in this field, verify that the information on Form 8594, Page 1, Part II is the information that should be used for Form 8594, Page 2, Part III, Allocation of sales price as previously reported. You need to enter
X
 in this field
before
 additional information is entered in the 8594 screen.
Class I-VII Allocation of Sales Price As Previously Reported
If an X is entered in the
Transfer original information
 field, the allocated amount of the total sales price transfers to these fields. If the information on Form 8594 has changed since filed, enter the original amount in these fields. In order to calculate Form 8594, Page 2, Part III, the amount entered in the
Total sales price
 field is allocated based upon the amounts entered in these fields.

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