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.

Part-year and nonresident returns

The calculation of Schedules CA and CA (540NR) start with data entered in federal Screens C, Rent, F, and 4835. For part-year and nonresident returns, activities with postal code CA that are not allocated using the state allocation spreadsheet transfer 100 percent to California sources; activities with any other postal code transfer 0 percent to California sources. When data is entered in the state allocation spreadsheet, California Source amounts are calculated by multiplying the total income and total expenses by the Percent of federal allocated to state entered in federal Screen StCO with postal code CS (California Source).

Also see Screen CAC, CARent, CAF, or CA4835 for further information regarding allocation and apportionment percentages. 

Depreciation

California depreciation adjustments automatically transfer from information entered in the asset module. Information transfers to  Screen CADepr from the CA (California state tax) treatment for all assets. When amounts are forced in the federal input screen, 100 percent of the forced amounts entered is used for Total source calculations. For part-year and nonresident returns, depreciation expense is allocated to California source calculations using the entry in the Percent of federal allocated to state field in Screen StCO for the activity.

Schedule R is available in the California Non Calculating folder to calculate the percentage to enter in the state allocation spreadsheet.

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