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.

Allocation

New York City only allows allocation by separate books for returns filed on forms for years prior to 2012. It has since been discontinued. 

Apportionment

New York City uses three-factor apportionment based on property, payroll, and sales and is calculated on Form IT-204, Page 7. Data entry for apportionment can be entered in View > Apportionment > New York tab > City information. If no amounts are entered for apportionment in the Apportionment Information dialog, UltraTax CS assumes the client does 0% of business within the state. 

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