Can I prepare tax year 2022 Utah passthrough entity tax with a partnership 1065 or S corporation 1120S return using CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
- Article Type:
- QA
- Last Modified:
- 02/02/2023
Question
Will Utah have a separate SALT calculation with CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
Environment
- CCH® ProSystem fx® Tax
- CCH Axcess™ Tax
- Partnership - 1065
- S Corporation - 1120S
- Utah - UT
Answer
Per the software news included for release Axcess 2022-1.0 / Prosystem fx 2022.01000:
The Utah Form TC-75, State and Local Tax (SALT) Report must be filed by December 31, 2022 for Tax Year 2022. A template is available on the Utah DOR by searching “TC-75 Template.” The template will download to your desktop, allowing you to enter the appropriate information and then to file. All filing and payments must be made electronically on the Utah’s Taxpayer Access Point. Instructions for the form are available here. Input will be made available in the Partnership and S-Corporation entities to report this information appropriately to all partners & shareholders via the Utah Schedule K-1. Please watch release notes for availability of these new fields.
Additional Information
N/A
| Solution Id | 000258447/000258447 |
|---|---|
| Direct Link |
