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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

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.

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.

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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