New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

How do I change the dates that are displayed under the Preceding Tax Year column on various worksheets, like the Net Operating Loss Carryover Worksheet or the Carryover Worksheet?

Answer

Enter the tax year-ends only for a short year or year of change on Screen CO in the Carryovers folder. Each of the preceding tax years are calculated based on the current or preceding tax year.

For example, if a return currently has a 12/31/2017 year-end but had changed from a 06/30 year-end in 2016, the fields would appear as indicated in the following table.

The preceding year-end dates calculate as follows.

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