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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.

For Pennsylvania tax purposes, the total on Schedule M, Rentals must equal Schedule E totals. Since allocation is entered on the PARent screen, the Schedule E amounts are what transfer to Form PA-65, Part III, line 6. Therefore, adjustments made on Schedule M must also be adjusted on Schedule E via the PARent screen. When any type of income is reclassified as rent and royalty income on the PAM1 screen, that income must also be added as income to the PARent screen.

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