1041-US: Allocating expenses proportionally higher to some income types (FAQ)

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.

Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.


Why are expenses allocated proportionally higher to some income types?


By default, indirect expenses are allocated using the gross method. If there are expenses entered on the activity screens for business, rental, and farm activities, the expenses are not proportional to the net income amounts from these activities. 

Related topics 

1041-US: Allocating indirect expenses (FAQ)

1041-US: Expense allocations FAQs

Share This