New Split Features in PSHIP
Users can now switch between specified and default behavior in
questions that split flows between investor and sponsor streams. In any split question (eg. 6.701), type "x" to
indicate the default split for that period. This provides
flexibility for users in specifying how
they want splits to change over the course of their transaction.
Questions 3.6.4 and 4.6.4 now Supported in PSHIP
In partnership files, users can now specify the dates of the first
allowable tax payments associated with depreciation streams.
useful for staged deliveries in a partnership where each purchase is
treated as a new event for tax purposes.
PSHIP Custom Question Flags
120.308 Mode for Minimum Gain Tax Basis:
Uses sum of capital accounts plus debt principal balance
as tax basis for calculation of minimum gain.
120.617 Use Partnership Capital Account for Tax Basis in HLBV?:
Uses sum of partners' capital accounts as the tax basis
in HLBV calculation of gain on liquidation.
120.682 Contributed Property Basis Reduction Mode:
Eliminates automatic scaling of basis
reduction when there is contributed property.
IMPORTSECTION and REMOVESECTION will quickly import or remove a custom section along with its custom questions.
New PSHIP questions, 1.608 and 1.609, allow the user to create and
label custom flip dates for presentation in the capsule and the PSHIP/SUMMARY
report. These questions are useful for quick evaluation of
returns on a particular date, and also allow easier
targeting of yields on dates that do not necessarily reflect a change
in partnership sharing.