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.

1. Choose View > Interim Closing Annualization to open the Interim Closing Annualization window.

   Note: To open the Interim Closing Annualization window, you must have entered a change of ownership in the Changes of Ownership window in Partner Data Entry for the current client.

2. Choose Edit > Apply Percentage, or click the Apply Percentage to Column  button on the toolbar.
3. In the Apply percent to total field, enter the percentage that you want applied to the total amount. UltraTax CS multiplies the percent entered in this field by the amount in the Total column for all items.
4. Select the desired ownership period from the drop-down list for the Ownership period field.
5. By default, UltraTax CS applies the calculated values to the selected ownership period for the federal return and all state and city returns attached to the client. To apply the calculated values to a specific return only, select the return from the drop-down list for the Product field.
6. Click the Apply button.

Related topic: Interim Closing Annualization window (1065)

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