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.

When you enter MACRS assets in the asset module, the cursor in the Depreciation tab advances from the Life field of the Tax column to the Sec 179 Expense field of the Tax column. For some MACRS assets, you will need to enter information in the ADS Life field of the AMT column, which is skipped by default.

To have the cursor move to this field for all MACRS assets before proceeding to the Sec 179 Expense field, perform the following steps.

1. Choose Setup > User Preferencesasset module to set user preferences.)
2. In the Data Entry tab, mark the Visit ADS Life field for MACRS assets checkbox.
3. Click OK.

Was this article helpful?

Yes No

Submit