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

Partner's net SE income/loss fields located in the Taxpayer and Spouse Self-employment section are not reported as next year's Schedule E income/loss. Why?

Answer

Only enter the projected amount of the partner's income or loss that is subject to the self-employment tax. The application combines this information with the other fields in this section to calculate the projected 2023 self-employment tax. Enter any projected changes to overall Schedule E income for 2023 in the Sch E income/loss field in the General Information & AGI Items section of this screen.

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