Georgia Personal Property Tax

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

Georgia forms and schedules

Depreciation treatments required for all GA PPT assets

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

Associations required for all GA PPT assets

Additional associations for GA PPT assets

The following property types require additional asset associations. For details on the required associations, click the appropriate property type.

Note: If a client does not have any of the following property types, you can turn off these associations. To do so, choose Setup > Associations, clear the checkbox next to an association, and click OK.

Enter the following asset associations for Georgia PPT Aircraft assets, for Form PT-50A (Aircraft Personal Property).

Federal Documented Vessels

Enter the following asset associations for Georgia PPT Federal Documented Vessels assets, for Form PT-50M (Federal Documented Vessels Personal Property).

Marine - Boat

Enter the following asset associations for Georgia PPT Marine - Boat assets, for Form PT-50M (Marine - Boat Personal Property).

Marine - Motor

Enter the following asset associations for Georgia PPT Marine - Motor assets, for Form PT-50M (Marine - Motor Personal Property).

See also

Entering de minimis assets

UltraTax CS personal property tax returns

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