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.

Question

Where is the data entry for contributions to a STABLE account, Ohio’s ABLE plan?

Answer

There are no state data input fields on Screen OHAdj. Data entry is required on federal Screen 1099QA (located in the Health Care folder) to get a deduction for contributions to a STABLE account, Ohio’s ABLE plan. Enter OH for the state postal code, the Recipient’s social security number and first and last name, the amount contributed in the current year, and select 24 in the State use field. The application automatically limits the deduction to $2,000 per recipient. Any excess contributions will carryforward to next year.

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