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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

Michigan 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 listing the shareholder on Form 807, Page 4.

Code Description

Individual return filer (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 filing an individual tax return, and to list the shareholder on Form 807, Page 4.

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form 807 for participating nonresident shareholders and lists each on Form 807, Page 3.

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 need to be reported to each shareholder, use Section A in Screen MIKSep. UltraTax CS prints the information you enter in this statement dialog in the Michigan Shareholder Information statements.

Withholding information group box

UltraTax CS defaults to including all nonresident individual shareholders on Form 4918, Page 3. If the shareholder is not an individual, or not a nonresident, mark this checkbox to force UltraTax CS to include the shareholder on Form 4918. The shareholders that appear on the withholding return also report the attributable withholding on the Michigan Shareholder Worksheet.

Enter the number of exemptions for the shareholder. UltraTax CS uses this amount to calculate the total exemptions for the shareholder on Form 4918 - Michigan Annual Flow-Through Withholding Reconciliation Return.

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