KevinK
Level 3

Thank you.

The Partner Override box would be useful attached to each pass-through item or some additional box within it to assign the override to targeted pass-through items on these lower tiered partnerships. Too expensive from a programming standpoint I would assume.

Worked with UltraTax in the early 2000s and while it was versatile, I found the moment the standard partners profit/loss ratio allocations fail due to tax law issues, it got cumbersome and required underlying excel schedules, of course that is always the case when dealing with PIP, 704 and substantial economic effect.

 

Thank you again.