Transfer assets to the Maryland PPT return
Follow these steps to transfer federal assets to the Maryland Personal Property Tax (PPT) return.
- Select theAssettab in the federal activity.
- Select the asset, thenModify.
- Select theDepreciationtab and make sure the Book column has data.If you don't see the Book column, selectSetup,Treatments, thenBook.
- If you don't want to use a book treatment, mark theComplete return using the MD treatment within the asset modulefield in the MD PPT Gen screen. Enter data in the MD column.
- Make sure theSitusassociation is Maryland.
- Make sureLocation,PPT type-MD, andForm 4 - MDhave data.These fields are usually in the Asset window or in theOthertab. If you don't see them, selectSetup, thenAssociationsand make sure these fields are marked.
