2018 UltraTax CS

Depreciation procedures

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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.

Click a category below to view a list of topics that you can use when you enter detailed asset information in the UltraTax CS asset module.

Note: If you prefer, you can enter summary asset information directly in Screens 4562, Sale, 8824, 8829, and Auto.

Entering and modifying assets

Entering detailed asset data

Dividing an asset

Transferring an asset

Reassigning assets to a different activity, situs, or association

Finding an asset

Changing how assets are automatically numbered

Renumbering a single asset

Renumbering assets in the order shown in the Asset List window

Designating an asset as real property

Transferring depreciation data from Fixed Assets CS

Depreciation calculations

Applying the luxury auto limitations to the Book treatment

Building a treatment

Calculating depreciation for all assets

Calculating and comparing prior depreciation amounts

Changing the state treatment to the appropriate state postal code

Client Summary Information > Tax Summary tab

Copying asset data from the Tax treatment to the Book treatment

Defining a custom method of calculating depreciation

Depreciation tax assumptions

Determining how UltraTax CS calculated depreciation for an asset

Electing section 179 expense

Entering Alternative Motor Vehicle Credit information

Entering an asset's business use percentage

Entering Hawaii excise tax credit information

Entering start-up / organizational expenses

Entering tax credit information

Generating amounts for the AMT, E&P, and ACE columns

Generating amounts for the custom columns

Modifying a treatment's section 179 expense limitations

Recalculating a treatment's prior depreciation for all assets

Recapturing section 280F amounts

Setting up treatments

Specifying ACRS/MACRS calculation options in the asset module

Specifying non-ACRS/MACRS calculation options in the asset module

Understanding the Section 179 Summary dialog

Viewing prior-year data for listed property, vehicle, or home office assets

Entering special information

Entering amortization information

Entering an oil and gas well asset

Entering home office information (1040 only)

Entering vehicle/listed property information

Viewing information for all vehicle assets

Miscellaneous depreciation topics

Customizing asset data-entry and calculation options

Customizing the columns in the Asset List window

Customizing the placement of association fields in the Asset Detail dialog

Deleting a custom association

Depreciation reports available

Viewing a tax summary of a client's assets

Viewing a summary graph of a client's assets

MACRS asset life table

Setting up asset associations

Setting up the Association Wizard

Troubleshooting fiscal year-end data discrepancies in UltraTax CS and Fixed Assets CS

Using the mid-quarter convention

Using the summary graph

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