Reporting multiple units of trade or business activities FAQ (1065)

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Question

Can I enter data to separately report multiple units of trade or business activities?

Answer

Yes. UltraTax CS allows you to create multiple units of Screen Inc and enter data for related screens in the Income & Deductions folder. Each unit will be reported on the Ordinary Income (Loss) Worksheet and the totals will be reported on Form 1065, page 1.

Related topic: Activity based reporting FAQs

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