Shareholder Information > Alabama tab

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Use the state tabs in the Shareholder Information window to enter state-specific information for shareholders. State tabs appear only if you have added states to the return.

To update a shareholder's state-specific information, click that shareholder in the Shareholder Information window, and then click the appropriate state tab.

Fields & buttons

Alabama information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the nonresident filing type for the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to nonresident income tax agreement required.

Code Description
1

Nonresident income tax agreement required (default)

This is the default filing for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Schedule NRA.
2

Nonresident income tax agreement on file

Select this option to indicate the shareholder agreement is already on file. UltraTax CS does not complete Schedule NRA for this shareholder.
3

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form PTE-C for participating nonresident shareholders.

If the shareholder is a nominee representing another entity, make a selection from the drop-down list. UltraTax CS defaults to the shareholder not acting as a nominee.

UltraTax CS provides this statement dialog for supplemental information specific to each shareholder. Use this statement dialog for items that are not pro-rata. If you have pro-rata items that needs to be reported to each shareholder, use Screen ALKSep. UltraTax CS prints the information you enter in this statement dialog in a supporting statement on Alabama's Schedule K-1.

Schedule NRA group box

Enter the title of the nonresident shareholder not included on the composite return. UltraTax CS transfers this information to Schedule NRA.

For nonresident shareholders not included on the composite return, enter the code for the optional agent from the following table or choose the code from the drop-down list. UltraTax CS transfers this information to Schedule NRA. If you leave this field blank, the optional agent section of Schedule NRA will be blank.

Code Description
1 None (default)
2 Firm
3 Agent

Enter the agent's name and address if option 3 is selected in the Schedule NRA optional agent field. UltraTax CS transfers this information to Schedule NRA.

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