Schedule O—Controlled Group section 179, column (f)

According to Schedule O Instructions, any Section 179 deduction shouldn't be reported on Schedule O.
Members of a Controlled Group need to attach a consent statement with the Section 179 information as prescribed under Regulations section 1.179-2(b)(7). UltraTax CS generates this consent statement automatically when the Section 179 fields are completed in the
Ctrl
screen and
Ctrl-2
screen for a controlled group, or in the
Affil
screen for a consolidated Group.

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