Entering marginal oil production percentage depletion rates (1040)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

To enter marginal oil production percentage depletion rates:

  1. Choose Setup > 1040 Individual.
  2. Click the Other Return Options button.
  3. Click the Other tab and enter a rate in the Depletion: Marginal oil production percentage depletion rate field.

If you do not enter a rate in this field, UltraTax CS defaults to the current IRS value for the depletion rate for oil and gas properties.

Share This