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.
Question
Which input screens include tax elections?
Answer
Elections can be found in the following input screens.
| Screen | Election field |
|---|---|
| 1040 | Election to file joint return with nonresident alien spouse |
| 1045 | Elect to relinquish carryback of farm NOL incurred during the current tax year |
| 1099R | Elect to recompute variable annuity exclusion |
| 1099R-2 | Include net unrealized appreciation in income |
| Request for waiver of additional tax due to inadequate minimum required distributions | |
| Cr | Elect to use exchange rate on date paid |
| 4835 | Elect to include CCC loans in income |
| Elect crop insurance deferral to next year | |
| Election for Section 451(e) sale of livestock due to weather-related conditions | |
| Election for Section 1033(e) deferral of gain on sale of livestock due to weather-related conditions | |
| Small taxpayer safe harbor election | |
| 4835-2 | Rev. Proc. 2010-13 PAL Group Disclosure |
| Section 199A safe harbor | |
| 8283P1 | Elect to apply 50% reduction rule to capital gain property contributions |
| 8697 | Elect to use the simplified marginal impact method |
| Elect Sec. 460(B) (6) to not apply the look-back method to long-term contracts | |
| A | Elect to capitalize carrying charges |
| Elect to deduct decedent's medical expenses | |
| ACA Tax | Section 6013(g) election |
| Section 1.1411-10(g) election | |
| B&D | Elect to determine fund basis using average basis |
| Elect to recognize current income on noninterest-bearing discount bonds | |
| C-2 | Elect to capitalize carrying charges |
| Small taxpayer safe harbor election | |
| C-3 | Rev. Proc. 2010-13 PAL Group Disclosure |
| CODI | Elect to report cancellation of debt deferral - *Includes all fields on the screen |
| Elect | Sec 351 statement of disclosure |
| Ext | Out of the country on 4/18/14 |
| F | Elect crop ins deferral to next year |
| Elect to include CCC loans in income | |
| Election for Section 451(e) sale of livestock due to weather-related conditions | |
| Election for Section 1033(e) deferral of gain on sale of livestock due to weather-related conditions | |
| F-2 | Elect to capitalize carrying charges |
| Small taxpayer safe harbor election | |
| F-3 | Rev. Proc. 2010-13 PAL Group Disclosure |
| Income | Elect to include value of restricted property in income in year of transfer |
| K1-2 | Code Section 751 elections |
| K1-6 | Regulation 1.1367-1(g) election |
| MortgInt | Elect out of treatment as debt secured by qualified residence |
| Rent | Elect to capitalize carrying charges |
| Small taxpayer safe harbor election | |
| Rent-2 | Rev. Proc. 2010-13 PAL Group Disclosure |
| Section 199A safe harbor |
Was this article helpful?
Thank you for the feedback!