706-US: Alternate dates and values not printing on schedules (FAQ)

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Question

I entered the alternate dates and values. Why don’t they print on the schedules?

Answer

You must make the election on Screen 706 (in the General folder) in the Alternate valuation date field. When you enter a date in this field, you are answering Yes to question 1 of Form 706, Page 2, Part 3.

To enter an alternate valuation amount for a specific asset, enter the amount in the Alternate value field on Screen Asset, located under the Asset folder.

Note: If you want UltraTax CS to use the alternate valuation date calculated on Screen 706, then you do not need to enter a date in the Alternate valuation date (Force) field on Screen Asset.

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