Screen GAAdj - Georgia Income and Adjustments (1040)

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Overview

Use this screen to provide additional information needed to complete Georgia Form 500, Schedule 1, Adjustments to Income Based on Georgia Law.

See also: Processing 1040 Georgia returns

Additions and Subtractions

Retirement Income Exclusion

The Retirement Exclusion Worksheet calculates based on age or on disability. UltraTax CS transfers income from the federal data input based on earned and unearned determined by the amount of income on the federal Self-Employment Earnings Worksheet. Next, UltraTax CS limits the exclusion amount to the current year's exclusion as assigned by the state for each qualifying person.

For part-year resident and nonresident returns, UltraTax CS calculates the retirement exclusion based on in-state amounts. The adjustment transfers to Form 500, Schedule 3.

Type of disability and Date of disability will proforma from the 2012 return.

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