2018 ULTRATAX CS
To enter marginal oil production percentage depletion rates:
- Choose Setup > 1040 Individual.
- Click the Other Return Options button.
- Click the Other tab and enter a rate in the Depletion: Marginal oil production percentage depletion rate field.
If you do not enter a rate in this field, UltraTax CS defaults to the current IRS value for the depletion rate for oil and gas properties.
Internal Employees