Screen NGRet-2 - North Carolina PPT - Business (Continued)

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Overview

Use this screen to enter information for the Business Personal Property Listing, Pages 1 through 3.

Schedule A - Personal Property

Use this section to complete Schedule A.
Unit
UltraTax CS automatically enters the net available number. UltraTax CS uses this information to gather and coordinate information for the assessable business location.
Location
UltraTax CS transfers the location that you have entered in the
Location
field in the Asset Dialog for the applicable federal activity.
Construction in progress
Enter the construction in progress required for Schedule A.
Expensed items
In the statement dialog, enter the expensed items information required for Schedule A, Group 6.
Capitalization threshold
Enter the capitalization threshold for Schedule A, Group 6.
Transfers in and out
Enter information for assets that have been transferred from the location but not disposed of and have a
PPT Type - NC
of Machinery & equipment, Office furniture & fixtures, Computer equipment, Improvements to leased property, or Other. Information entered in this statement dialog transfers to the Additions or Deletions column of Schedule A for the assigned property type.

Schedule A - Supplies

Use this section to complete Schedule A, Group (7) Supplies.

Schedule B - Vehicular Equipment, Mobile Homes, or Offices

Use this section to complete Schedule B.
Business own any unregistered vehicles
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-1 based off of the data entry in the Asset Detail dialog.
Business own any multi-year or permanently registered trailers
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-1 based off of the data entry in the Asset Detail dialog.
Business own any special bodies on vehicles
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-1 based off of the data entry in the Asset Detail dialog.
Business own any IRP plated vehicles
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-1 based off of the data entry in the Asset Detail dialog.
Business own any watercraft or engines for watercraft
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-2 based off of the data entry in the Asset Detail dialog.
Business own any mobile homes or mobile offices
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-3 based off of the data entry in the Asset Detail dialog.
Business own any aircraft
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B and produces Schedule B-4 based off of the data entry in the Asset Detail dialog.
Business own any / Number of vehicles held for short-term rental
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule B. Enter the number of vehicles held for short-term rental if
1
is entered.

Schedule C - Leased Property

Use this section to complete Schedule C.
Business holds leased property owned by another party
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule C.
Property used by your business, or in possession that is owned by others
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule C.
Operate a mobile home park, campground, marina, aircraft storage facility or similar business
Enter
1
for Yes or
2
for No. If you leave this field blank, the answer defaults to No. If
1
is entered, UltraTax/North Carolina PPT marks the appropriate box on Schedule C.
Leased property details
In the statement dialog, enter the leased property details. If
1
has been selected for one of the above lines for Schedule C, the statement dialog data transfers to Schedule C-1.

Schedule D - Separately Scheduled Property

Use this section to complete Schedule D.
Business own any artwork, displays, statues, or other personal property
In the statement dialog, describe the items and enter the value of the items that should be reported on Schedule D.

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