2018 UltraTax CS
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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
Why isn't UltraTax CS/1120 automatically calculating Schedule G?
Answer
A cooperative association is not required to complete Schedule G if the total receipts for the year and year-end assets are less than $250,000. If you want to calculate Schedule G when not required, mark the Complete Schedule G when receipts and assets are less than $250,000 (Form 1120-C) field (Setup > 1120 Corporation > Federal tab > Other Return Options > Return Presentation tab).
Note: To set this option on a client-by-client basis, mark the Complete Schedule G when not required field in Screen 1120C in the 1120C folder. The field in Screen 1120C is not available if the respective checkbox in Setup > 1120 Corporation > Federal tab > Other Return Options > Return Presentation tab is already marked.
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