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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

Nebraska information group box

If the shareholder is a nonresident individual or grantor trust, 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 individual or grantor trust, UltraTax CS defaults to calculating withholding on Form 1120-SN for the shareholder.

Code Description
1

Withholding (default)

When a code is not selected from the drop-down list, this is the default filing for nonresident individual and grantor trust shareholders. Select this option to indicate the shareholder is subject to withholding on Form 1120-SN.
2

File nonresident income tax agreement

Select this option to have UltraTax CS calculate Form 12N, Nebraska Nonresident Income Tax Agreement for this shareholder. When you select this option, UltraTax CS does not calculate withholding on Form 1120-SN for this shareholder.

Enter the Social Security number for the shareholder's spouse. UltraTax CS uses this information on Schedule K-1N.

Enter the tax year-end for the nonresident shareholder. If you leave this field blank, UltraTax CS defaults to the current tax year-end on Form 12N.

Enter the nonresident shareholder's withholding for the current year if different from the calculated amount. You can enter zero, if applicable. If an amount is entered in this field for any shareholder, all of the shareholders subject to withholding must have an amount entered in this field.

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 NEKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1N statements.

Nonresident grantor group box

If the shareholder is a grantor trust and the grantor is a nonresident, enter the nonresident grantor's SSN. For grantor trusts, if blank, UltraTax CS uses the shareholder's SSN or EIN. UltraTax CS uses this information on Form 12N.

Note: Only complete the nonresident Grantor SSN, nonresident Grantor name, and nonresident Grantor address fields if the grantor of the grantor trust is a nonresident. When the shareholder is a trust and any of the fields in the nonresident grantor group box are completed, the shareholder is treated as a nonresident individual for purposes of Form 12N and the withholding requirements.

If the shareholder is a grantor trust and the grantor is a nonresident, enter the nonresident grantor's name. For grantor trusts, if blank, UltraTax CS uses the shareholder's name. UltraTax CS uses this information on Form 12N.

If the shareholder is a grantor trust and the grantor is a nonresident, enter the nonresident grantor's address. For grantor trusts, if blank, UltraTax CS uses the shareholder's address. UltraTax CS uses this information on Form 12N.

If the shareholder is a grantor trust and the grantor is a nonresident, enter the nonresident grantor's city, state, and zip code. For grantor trusts, if blank, UltraTax CS uses the shareholder's address information. UltraTax CS uses this information on Form 12N.

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