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Oil and Gas data entry without the module

If you don't have the Oil and Gas module, here are common areas to enter oil and gas information. Refer to Publication 535 to calculate the depletion limitations and IDC preferences manually

Non-module data entry for Oil and Gas
Return type	Form/Schedule	UltraTax CS input screen name	UltraTax CS field name
1040	Schedule C	C-2	Depletion (Force)
1040	Schedule K-1	K1-3	Intangible drilling costs and/or Intangible drilling costs - nonproductive wells
1040	Schedule K-1	K1-5	Oil, gas and geothermal properties - gross income Oil, gas and geothermal properties - deductions, and/or Excess intangible drilling costs
1040	Schedule E	Rent	Depletion (Force)
1040	Form 6251	AMT	Depletion and/or Intangible drilling costs (Force)
1120	Form 1120, Page 1	Inc	Depletion - oil and gas (C Corp/Force)
1120	Form 8825	Rent	Depletion - (C Corp/Force)
1120	Schedule K-1	K1-6	Intangible drilling costs (C Corp) Tentative allowable depletion and/or Intangible drilling costs
1120	Taxes	Inc	Depletion and/or Intangible drilling costs (Force)
1120	Various	6198	Depletion and/or Intangible drilling costs and multiple activity folders on different schedules.
1065	Schedule K	SepK	Gross income from oil, gas, and geothermal properties allocable to oil, gas, and geothermal properties (Force) and/or Other AMT items
1065	Schedule K	K-4	Depletion information - oil and gas
1065	Schedule K	K1-5	17D - Gross Income from oil, gas, and geothermal properties 17E - Deductions allocable to oil, gas and geothermal properties and/or 17F - Other adjustments and tax preference items
1065	Schedule M3	M3-3	Intangible drilling costs and develop costs and/or Depletion - oil and gas
1041	Schedule K-1	K1-2	Intangible drilling costs and/or Depletion
1041	Schedule K-1	K1-3	Intangible drilling costs and/or Depletion
1041	Schedule C	C	Depletion

This article applies to:

Product: UltraTax CS
Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary
Subject: Oil and gas

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