Disposal > State Information dialog

Use this window to enter state disposal information for clients' assets that have been sold or scrapped. This window is relevant for the following states: Idaho, Iowa, Kansas, Massachusetts, New Hampshire, Oklahoma, Pennsylvania, Vermont, and Wisconsin.
After selecting the asset in the
Asset Detail
window, select the
Disposal
tab. The
State Information
button is available when you select
Sold / Scrapped
from the dropdown list in
Method
.

Fields & buttons

1040 clients
Mark this checkbox if the property doesn't qualify for installment sale treatment for Massachusetts, New Hampshire, Pennsylvania, or Wisconsin. This information is used for UltraTax/1040-MA, UltraTax/1040-NH, UltraTax/1040-PA, and UltraTax/1040-WI returns.
Mark this checkbox if the property qualifies for the New Hampshire Proprietorship Business Profits Tax. This information is used for UltraTax/1040-NH returns.
Mark this checkbox if the property qualifies for the Iowa capital gains deduction. This information is used for UltraTax/1040-IA returns.
Mark this checkbox if the property qualifies for the Idaho capital gains deduction. This information is used for UltraTax/1040-ID returns.
Mark this checkbox if the property qualifies for the Oklahoma capital gains deduction. This information is used for UltraTax/1040-OK returns.
Mark this checkbox if the property qualifies for the 40-percent capital gains exclusion. This information is used for UltraTax/1040-VT returns.
1120 clients
Mark this checkbox if the property doesn't qualify for installment sale treatment for Pennsylvania or Wisconsin. This information is used for UltraTax/1120-PA and UltraTax/1120-WI returns.
1065 clients
Mark this checkbox if the property doesn't qualify for installment sale treatment for New Hampshire, Pennsylvania, or Wisconsin. This information is used for UltraTax/1065-NH, UltraTax/1065-PA, UltraTax/1065-WI returns.
Mark this checkbox if the property qualifies for an adjustment to the net gain on the sale of certain livestock in Kansas. This information is used for UltraTax/1065-KS returns on the KS Partner's Share of Income, Modifications and Credits Worksheet.
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