This article applies to:

Product: UltraTax CS
Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary,990 Exempt Organization
Subject: Depreciation

Enter an asset's prior-year business use percentage

To enter an asset's prior-year business use percentage, perform the following steps.

note

You can enter prior-year business use percentages only for vehicle and listed property assets.

Open the client and, if necessary, select an activity folder.

Select the asset and select the Modify
button.

In the

Asset Detail

window, select Tasks
, then Prior Depreciation Comparison
.

In the

Prior Depreciation Comparison

window, enter the prior-year business use percentages in the Asset's business use percentages group box.

Select the Save Use Percentages
, then Exit
button.

Select Done
to return to the

Asset List

window.