1120-US: Related supplier information on the IC-DISC return (FAQ)

Show expandable text

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.

Question

Where are the Related Supplier Information amounts I entered on Screen DISC P used on the return?

Answer

UltraTax CS uses the information you enter in the related supplier fields on Screen DISC P to complete several lines in Sections A-1 and A-2 of Schedule P. If you use marginal costing and complete Section A-2, UltraTax CS combines the related supplier amounts with the amounts you enter in the IC-DISC Combined Taxable Income section on Screen P.

Related topic: 1120-US: Form 1120-IC-DISC - Interest Charge Domestic International Sales Corporation FAQs

Was this article helpful?

Thank you for the feedback!