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Casualty/theft option in mass disposition data entry
At this time, UltraTax CS doesn't provide a casualty/theft option in mass disposition data entry.
According to the Form 4684 Instructions, “a casualty loss to business or income-producing property must be figured separately for each item. For example, if casualty damage occurs to both a building and to trees on the same piece of real estate, measure the loss separately for the building and for the trees.”