Transfer assets to the North Carolina PPT return

To transfer federal assets to the North Carolina Personal Property Tax (PPT) return, do the following.
  1. Select the
    Asset
    tab in the federal activity.
  2. Select the asset, then
    Modify
    .
  3. On the Depreciation tab, make sure the
    Book
    column has data.
    If you don't see the Book column, select
    Setup
    ,
    Treatments
    , then
    Book
    .
  4. If you don't want to use a book treatment, mark the
    Complete return using the NC treatment within the asset module
    field in the NC PPT Gen screen, and enter data in the NC column.
  5. Make sure the
    Situs
    association is North Carolina.
  6. Make sure
    Location
    and
    PPT type-NC
    have data.
    These fields are usually in the Asset window or the
    Other
    tab. If you don't see them, select
    Setup
    , then
    Associations
    and make sure these fields are marked.
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