Shareholder Information > North Carolina 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

North Carolina 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 individual return filer and shareholder agreement on file.

Code Description
1

Individual return filer and shareholder agreement on file (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 agreement is already on file. UltraTax CS does not complete Schedule NC-NA for this shareholder.
2

Individual return filer and shareholder agreement required

Select this option to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Schedule NC-NA.
3

Composite filer

Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder.

Enter the date the nonresident became a shareholder in the S Corporation if completing Schedule NC-NA for the shareholder in the current tax year.

If the shareholder is completing Schedule NC-NA in the current tax year, enter the shareholder's tax year-end. If you leave this field blank, UltraTax CS defaults to December 31.

Enter the code for the shareholder's title from the following table or select the code from the drop-down list. UltraTax CS completes Form NC-NA. If you leave this blank, the shareholder's title defaults to Shareholder.

Code Description
H Shareholder (default)
D Director
E Chief Executive Officer
F Chief Financial Officer
C Chief Technology Officer
I Chief Information Officer
M Chief Marketing Officer
O Chief Operating Officer
P President
R Chief Risk Officer
V Vice-President
S Secretary
T Treasurer

Enter the date the shareholder signed and completed Schedule NC-NA.

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 NCKSep. UltraTax CS prints the information you enter in this statement dialog in a supporting statement on North Carolina's Schedule NC K-1.

Depreciation adjustments group box

Enter the amount of Section 168(k) depreciation addback for the indicated tax years. UltraTax CS uses this information in the calculation of the composite shareholder's income.

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