1120-US: Entering additional information reported to the shareholder for the domestic production activities (FAQ)

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Question

Where can I enter additional information that should be reported to the shareholder for the domestic production activities?

Answer

If you have additional information that you need to report to the shareholder for the domestic production activities, enter the data in Section B of Screen KSep, located in the Schedule K folder. The data you enter is reported on Schedule K, line 17d (in a statement) and Schedule K-1, Box 17, Code V. If you need additional space to enter the description, use the statement dialog for the field. UltraTax/1120 allocates the amount entered to all shareholders based on the shareholders' percentage of ownership.

Related topic: 1120-US: Domestic production information for S Corporations FAQs

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