2018 UltraTax CS
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.
You must make the election on the 706 screen (in the General folder) in the Alternate valuation date field. When you enter a date in this field, you are answering Yes to question 1 of Form 706, Page 2, Part 3.
To enter an alternate valuation amount for a specific asset, enter the amount in the Alternate value field on Screen Asset, located under the Asset folder.
Note: If you want UltraTax CS to use the alternate valuation date calculated on the 706 screen, then you do not need to enter a date in the Alternate valuation date (Force) field on the Asset screen.
Was this article helpful?
Thank you for the feedback!