1120-US: Generating a statement reconciling the NAIC Annual Statement to Form 1120-PC (FAQ)

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Question

Will UltraTax CS generate a statement reconciling the NAIC Annual Statement to Form 1120-PC?

Answer

Yes. Enter the income items, expense items, and items included on the tax return only in the statement dialogs attached to the corresponding fields in Screen PC in the 1120PC Prop Casualty folder. UltraTax CS prints the statement as an attachment to Form 1120-PC.

Related topic: 1120-US: Form 1120-PC - Property and casualty insurance company FAQs

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