Designating an asset as a casualty / theft - replacement or no replacement

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to access the electronic filing transmission feature in CS Connect.

Thomson Reuters is committed to proactively evolving our security features to help you protect your firm and your clients' data. For more information about multi-factor authentication, see Multi-factor authentication overview.

Casualty / Theft - No Replacement

Use this method when the asset has been totally destroyed or stolen and no replacement asset will be purchased, or the asset was partially destroyed. The disposal information transfers to the UltraTax CS 4684 input screen.

Casualty / Theft - Replacement

Use this method when the asset has been totally destroyed or stolen and replaced with a similar asset, or when replacement property was received as reimbursement. The disposal information transfers to the UltraTax CS 4684 input screen.

Replacement property should be:

See IRS Publication 547 for more information.

Related topics

Entering disposal information

Disposal methods

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