New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
The following includes answers to common questions about expense allocation.
What methods are available for allocating indirect expenses?
How are expenses allocated to the different income types?
How are expenses allocated to tax-exempt income?
Why are expenses allocated proportionally lower to other income?
Why are expenses allocated proportionally higher to some income types?
How do I allocate expenses to capital gains?
What elections are available for claiming deductions?
Where do I enter the early withdrawal penalty for trust returns?
What worksheets show how expenses are allocated?
Related topic: 1041 frequently asked questions
Was this article helpful?
Thank you for the feedback!