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Entering asset data for UltraTax CS personal property tax (PPT) returns

To enter asset data for UltraTax CS personal property tax returns, perform the following steps.
  1. Open the desired client.
  2. Open the Asset List window for an activity.
  3. Enable and set up associations that are required for UltraTax CS personal property tax returns.
  4. Do one of the following tasks to enter a situs for an asset.
    • For a single asset, double-click an asset and select a situs from the
      Situs
       field at the top of the Asset Detail dialog.
    • For multiple assets, choose Edit and then Reassign assets to reassign multiple assets to the appropriate situs.
    • For a multiple-unit activity such as a group of rental units, choose Setup and then Activity and edit the activity.
  5. If you use associations (such as location or type) or if you want to use associations to sort or identify assets for PPT purposes, you can reassign a group of assets to PPT associations that are required for UltraTax CS personal property tax returns. Otherwise, you can proceed to the next step and enter PPT association data on an asset-by-asset basis.
  6. Open each asset in the Asset Detail dialog and enter the depreciation data and association data that is required for the personal property tax return. Select a state below for details about required PPT association data.
    Select the state name for more information on depreciation treatments and associations required for state PPT assets.
    • California
    • District of Columbia
    • Florida
    • Georgia
    • Indiana
    • Kentucky
    • Maryland
    • Michigan
    • Nebraska
    • North Carolina
    • South Carolina
    • Texas
    • Virginia
    • Wisconsin

This article applies to:

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