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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.

Question

How does UltraTax CS/1120 calculate the DPAD for a consolidated group?

Answer

Per IRC Regulation 1.199-7(d)(4), the DPAD of the consolidated group is determined based on the consolidated totals of the group and not the separate taxable income, QPAI, and Form W-2 wages of the group members.

For consolidated groups, data entry for Screen 8903 must be completed in the applicable member clients' returns to generate Form 8903.

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