Shareholder Information > 1128 tab

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Use this tab to enter information to complete Form 1128, Part III, Section C, Application to Adopt, Change, or Retain a Tax Year.

To update Form 1128 information, open the Shareholder Information window, then click the 1128 tab.

Fields & buttons

Form 1128, Part III, Section C group box

Enter the amount of income the shareholder received from the S Corporation for the short period created when the tax year changed. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

Enter the amount of income the shareholder received from the S Corporation for the first year preceding the year of change. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

Enter the shareholder's tax year end if other than a calendar year end. If this field is blank, UltraTax CS uses a 12/31 default date as the shareholder's tax year end. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

If the shareholder is a trust, select the type of trust from the drop-down list. UltraTax CS includes this information in a statement attached to the Form 1128, Part III, Section C.

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