Interim Closing Annualization window (1065)

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:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

IRS Regulations section 1.706-4(a)(1) defines the two methods to determine a partner's distributive share amount: interim closing of the partnership books and proration.

Use the Interim Closing Annualization window to determine the partners' distributive shares using the interim closing of the partnership books method. UltraTax CS uses the information you enter in this window and the percentages entered in the Changes of Ownership window in Partner Data Entry to calculate the distributive amounts.

To open the Interim Closing Annualization window, choose View > Interim Closing Annualization with a 1065 client open.


Components of this window

Interim Closing Annualization menu

Interim Closing Annualization toolbar

Annualization spreadsheet

Share This