Considerations for filing a Florida PPT return
- If you filed Form DR-405EZ in a prior year and don't need to file Form DR-405 in the current year:
- Select thePropertyfolder in the FL-PPT input screens.
- Select theReturnscreen.
- Mark theExemption Application and Return (form DR-405EZ) filed in prior yearcheckbox to suppress printing of Form DR-405.
- To edit assessors' names and addresses, selectSetup,Entity,Florida PPT, thenAssessors Info.
- If you don't enter anAgeassociation, UltraTax CS automatically calculates the age using theDate Acquiredfield.
- If you don't enter aConditionassociation, UltraTax CS automatically assignsAverage. Options forConditionincludeGood,Average, andPoor.
- If you don't enter aFair Market Valueassociation, and you select the option to use the NBV as FMV on the Gen screen in the General folder for the FL-PPT input screens, the NBV transfers to the return.
- If you selectX - Exemptfor the PPT Type, the asset won't transfer to the FL PPT return.
- Include the county identification number on all county returns. Enter the county ID number in theCounty Identificationfield on the Return screen or the Gen screen.