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
Is there a way to communicate tax saved when Schedule J was used to calculate tax?
Answer
When selected, Custom Paragraph No. 58, "Schedule J Tax Savings (TL)" will report the amount of tax saved by using Schedule J to calculate tax. Custom paragraphs can be selected to print on a client or global basis. For more information, see Printing custom paragraphs on a client-by-client basis and Printing custom paragraphs for all clients.
Note: When selected, the custom paragraph will only print when a schedule J tax savings exists. Selecting on a global basis will not cause the paragraph to print for non-Schedule J clients.
Related topic: Schedule J FAQs (1040)
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