North Carolina Personal Property Tax

North Carolina forms and schedules

Business Personal Property Listing
Schedule B-1 - Unclassified/Unregistered Motor Vehicles, Trailer, and Special Body Information
Schedule B-2 - Watercraft and Engines for Watercraft
Schedule B-3 - Mobile Homes and Mobile Offices
Schedule B-4 - Aircraft
Schedule C-1 - Property In Your Possession On January 1 That Is Owned By Others
Schedule E-1 - Farm Equipment - Tractors, Implements, Bulk Barns, Etc.
Schedule G-1 - Acquisitions and Disposals Detail
Schedule H-1 - Real Estate Improvements
Schedule I-1 - Billboards – Outdoor Advertising Structures
Schedule J-1 - Leased Equipment Schedule
*Schedule A-1 - Additional Schedules for Machinery & Equipment
*Schedule A-2 - Multiple Years Schedule for Machinery & Equipment

Depreciation treatments required for all NC PPT assets

Associations required for all NC PPT assets

Situs:
Each asset must have North Carolina selected in the Situs field to transfer to the North Carolina Personal Property Tax return.
Location:
Enter the street address of the company where the assets are located. A property tax return is created for each location entered.
PPT type - NC:
Select the appropriate personal property type for the asset from the drop-down. The property types and the forms they transfer to are listed in the following table.

Additional associations for NC PPT assets

Aircraft - Make/mfr:
Enter this information when you use the Aircraft Property type to transfer the information to Schedule B-4.
Aircraft - Model:
Enter this information when you use the Aircraft Property type to transfer the information to Schedule B-4.
Boat - Make/mfr:
Enter this information when you use the Watercraft or Watercraft engine Property type to transfer the information to Schedule B-2.
Boat - Model:
Enter this information when you use the Watercraft or Watercraft engine Property type to transfer the information to Schedule B-2.
Boat - Motor type:
Enter this information when you use the Watercraft engine Property type to transfer the information to Schedule B-2.
Equip - Make/mfr:
Enter this information when you use the Mobile homes & offices Property type to transfer the information to Schedule B-3.
Equip - Model:
Enter this information when you use the Farm equipment Property type to transfer the information to Schedule E-1.
Fuel type:
Enter this information when you use the Farm equipment Property type to transfer the information to Schedule E-1.
Length:
Enter this information when you use the Vehicle - Trailer, Watercraft, Watercraft engines, Mobile homes & offices Property type to transfer the information to the appropriate schedule.
License/reg/cert#:
Enter this information when you use the Watercraft, Watercraft engines, Mobile homes & offices, Aircraft, Vehicle, or Vehicle – Trailer Property type to transfer the information to the appropriate schedule.
Orig acq cost (used):
Enter the original cost of the asset when purchased by its original owner. If the asset is marked as used in the upper-right corner of the Asset Detail dialog, this amount transfers to NC PPT return instead of the amount in the
Cost/Basis
field in the Book or NC treatment columns.
Orig date in svc (used):
Enter the original date the asset was first placed in service by its original owner. This date transfers to the NC PPT return instead of the date entered in the
Date acquired
field on the Other tab of the Asset Detail dialog.
Trailer:
Enter this information when you use the Vehicle - Trailer Property type to transfer the information to Schedule B-1.
Vehicle - Make/mfr:
Enter this information when you use the Vehicle, or Vehicle - Trailer Property type to transfer the information to Schedule B-1.
Vehicle - Model:
Enter this information when you use the Vehicle, or Vehicle - Trailer Property type to transfer the information to Schedule B-1.
Year built:
Enter this information when you use the Watercraft, Watercraft engines, Mobile homes & offices, Aircraft, or Farm equipment Property type to transfer the information to the appropriate schedule.