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Allocating Balance Sheet Amounts to a State

SOLVEDby IntuitLacerte Tax1Updated July 27, 2021

How do I allocate Balance Sheet Amounts to a specific state?

Solution

Assets

Several items within the assets section of the balance sheet can be allocated to a specific state to utilize within the apportionment calculations.
  • Inventories
  • Buildings and Other Depreciable Assets
  • Depletable Assets
  • Land
These items can be allocated to the state by hitting (Ctrl + E) or by clicking on the  button on the left hand side of the input field. This will open up the Supporting detail window, allowing you to input amounts for each state.

Liabilities / Equity

Liabilities will not be utilized in the apportionment calculation therefore there is no way to indicate the state

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