Enter property apportionment
Follow these steps to apportion an asset.
- Select theAssettab.
- Select the asset, thenModify.
- Select the state from theSitusfield.
- In theAsset Detailwindow, select the classification from theApportion codedropdown. Only classified assets will transfer to theApportionmentwindow.noteIf theApportionment codedropdown isn't available, make sure you've selected the association. To check, selectSetup,Associations, and mark the checkbox forApportionment code. UltraTax CS automatically selects this option when you add multiple states to the return.
- SelectDone.note
- Amounts from the Book column transfer to the Property tab in theApportionment Informationwindow. If the Book column is empty, UltraTax CS uses the Tax column.
- Assets classified with an apportionment code and with a blank situs or a situs of a state not attached to the current client transfer to the Other column on the Property tab.
- These steps don't apply when entering summary asset information.
Manually enter property amounts
Follow these steps to enter apportionment amounts for property manually.
- SelectView, thenApportionmentto open theApportionment Informationwindow.noteYou need to attach a state return to the client to open this window.
- SelectApportionment.
- Clear theUse Asset Detailoption.
