Wisconsin Personal Property Tax

Alerts and notices

The UltraTax/Wisconsin Personal Property Tax application supports 1040, 1041, 1065, 1120, 1120S, and 990 entities. It prepares the personal property tax returns from depreciation data entered in the Asset Detail dialog.

Wisconsin forms

Depreciation treatments required for all WI PPT assets

The Book or WI treatment must be entered for Wisconsin Personal Property Tax returns. By default, the Book treatment transfers to the return. However, if the Complete return using the WI treatment within the Asset module field is marked on Screen Gen in the General folder for UltraTax/Wisconsin Personal Property Tax, the WI treatment will transfer to the return.

Note: If you previously entered depreciation data for only the Tax treatment, you can copy asset data from the Tax treatment to the Book treatment or to the WI treatment.

Associations required for all WI PPT assets

Note: The associations listed above are maintained by UltraTax CS and Fixed Assets CS and cannot be modified. If X - Exempt is selected, the asset will not transfer to Form PA-003 or Form M-P. Additional, if Form type - WI does not equal M-P, entry in the PPT type - WI (Mfg) field will be ignored.

Additional associations for WI PPT assets

See also

Entering de minimis assets

UltraTax CS personal property tax returns

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