Schedule M-1 or M-3 book/tax depreciation difference

UltraTax CS uses information in the M1M2 screen in the
Balance Sheet
folder to calculate book/tax depreciation differences.
The
Depreciation - book
fields in the first column show the amount of book depreciation transferred from the asset module.
To use an amount for book depreciation that's different from the amounts displayed in the 1st column, enter an amount (including zero) in the second
Depreciation - book
column. UltraTax CS calculates the book/tax difference by subtracting the depreciation in these fields from tax depreciation.
If the
Depreciation - book
fields in both columns are blank, or if book depreciation equals tax depreciation, UltraTax CS doesn't generate a Schedule M-1 or M-3 depreciation adjustment.
note
If an asset contains a
Book
column, UltraTax CS assumes book depreciation has been entered for all assets. Therefore, a blank
Book
column assumes that asset's book depreciation is zero and not equal to the tax depreciation. You can create or clear a
Book
column for all assets at 1 time.

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