Allocating Balance Sheet amounts to a state in Lacerte

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) on 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

Related topics:

• Preparing Partnership, S-Corporate and Corporate multi-state returns in Lacerte