Shareholder Information > California tab

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MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

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

California 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 type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding on Form 592-B for the shareholder if the 592 Withholding checkbox is marked in the File > Client Properties > California tab, and calculating Form 540NR if the 540NR Composite checkbox is marked.

Code Description
1 Withholding (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 the shareholder is subject to withholding on Form 592-B.
2 Composite and withholding

Select this option to indicate the corporation is filing both group nonresident and withholding returns on behalf of the nonresident shareholder. UltraTax CS completes Forms 540NR and 592-B for participating nonresident shareholders.
3 Composite filer

Select this option to indicate the corporation is filing a group nonresident return on behalf of the nonresident shareholder. UltraTax CS completes Form 540NR for participating nonresident shareholders.
4 Exempt from withholding

Select this option to indicate the shareholder is exempt from withholding and is not included in the composite return.

Mark this checkbox if the shareholder is a Single Member Limited Liability Company. If you mark this checkbox, UltraTax CS marks the corresponding checkbox on Schedule K-1 for this shareholder.

Mark this checkbox if the shareholder is a unitary shareholder. If you mark this checkbox, UltraTax CS calculates the Schedule K-1, Table 2 business and nonbusiness lines for this shareholder.

If the amount of California property distributions is not in proportion to the shareholders' ownership percentages, enter the amount of California property distributions (other than dividend distributions) in this field. If you leave this field blank, UltraTax CS defaults to the amount entered in Screen CAMs, multiplied by the shareholder percentage, but limited to the distributions reported on Schedule M-2. The value in this field is transferred to California's Schedule K-1, line 16d, column (d). UltraTax CS calculates the California amount for column (c).

Note: If you use this field or entered federal property distributions on the Other Info tab, you must enter the property distributions for all shareholders in this tab.

This statement dialog is provided for other information specific to each shareholder and corresponds to California's Schedule K-1, line 17, column d.

Use this statement dialog only for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Screen CAKSep.

If the California withholding is not in proportion to the shareholder's ownership percentages for nonresident shareholders' property distributions, enter the amount of California withholding in this field. If you leave this field blank, UltraTax CS defaults to the sum of the withholding entered in Screen CAK, multiplied by the shareholder percentage. UltraTax CS reports this amount, together with the withholding entered in Screen CAK1-3 multiplied by the shareholder percentage, on California Schedule K-1, line 14, columns d and e.

Note: If you use this field, you must enter the withholding on nonresident shareholders' property distributions for all shareholders in this tab.

Composite return group box

Mark this checkbox if the shareholder is included in two or more composite group returns and has combined California taxable income over $1 million from all their composite returns. UltraTax CS uses this information to calculate the additional one-percent mental health tax on the entire California taxable income on Form 540NR, Other Taxes section. For more information, see CA FTB Publication 1067.

Enter the spouse's/RDP's name and Social Security number, if applicable. UltraTax CS transfers this information to Schedule 1067A, Nonresident Group Return Schedule, Part I.

Shareholder basis group box

Click this button to enter California shareholder basis information.

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