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Screen MFReturn - Maryland PPT - Return

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Overview

Use this screen to complete Form 1 and Form 2.

Location Information

If the return has no depreciable assets, use this section to enter information for Form 1 and Form 2.
Unit
UltraTax CS automatically enters the next available number in this field. You can overwrite this number, but you can't leave the field blank. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Create return, only if no depreciable assets
If the return has no depreciable assets, enter
X
 to create a unit of this screen. After you enter
X
, you can enter the property location’s street address, which creates a unit of this screen.
note
  • If this return has depreciable assets, select the Asset tab in the applicable federal activity and enter PPT information for each asset before you enter data in the MFReturn screen.
  • The
    Location
     and
    PPT Type - MD
     fields must be completed for each asset in the Asset Detail dialog for the applicable federal activity for Form 1 or Form 2.
County
Select the county for this business location from the dropdown.
Exempt county skip section VII
Use this field to indicate that the client is in an exempt county. When you mark this field, UltraTax CS skips calculating the exempt portion of Form 1, Page 2, Section II.

Property Information

Use this section to enter unit-specific information for Form 1 and Form 2.
Business requires a Trader’s license
Use this field to indicate that the business requires a trader’s license.

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