Allocating Balance Sheet amounts to a state in ProConnect Tax

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 selecting the state in the drop down next to the input.

Liabilities / Equity

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