Maryland Personal Property Tax

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The UltraTax/Maryland Personal Property Tax application supports 1040, 1041, 1065, 1120, 1120S, and 990 entities. It prepares the local property tax returns from depreciation data entered in the Asset Detail dialog.

Maryland forms and schedules

* Non-calculating form

Depreciation treatments required for all MD PPT assets

The Book or MD treatment must be entered for Maryland Personal Property Tax returns. By default, the Book treatment transfers to the return. However, if the Complete return using the MD treatment within the Asset module field is marked on Screen Gen in the General folder for UltraTax/Maryland Personal Property Tax, the MD treatment will transfer to the return.

Note: If you previously entered depreciation data for only the Tax treatment, you can copy asset data from the Tax treatment to the Book treatment or to the MD treatment.

Associations required for all MD PPT assets

See also

Entering de minimis assets

UltraTax CS personal property tax returns

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