Transfer assets to the North Carolina PPT return
To transfer federal assets to the North Carolina Personal Property Tax (PPT) return, do the following.
- Select theAssettab in the federal activity.
- Select the asset, thenModify.
- On the Depreciation tab, make sure theBookcolumn 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 NC treatment within the asset modulefield in the NC PPT Gen screen, and enter data in the NC column.
- Make sure theSitusassociation is North Carolina.
- Make sureLocationandPPT type-NChave data.These fields are usually in the Asset window or theOthertab. If you don't see them, selectSetup, thenAssociationsand make sure these fields are marked.
