Partner Data Entry > Distribute dialog

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Use this dialog to distribute a remaining percentage or amount equally or pro rata to select partners.

To open the Distribute dialog, do one of the following:

Note: The Distribute button is available only if there is a percentage or amount that still needs to be distributed.

Fields & buttons

Lists all partners who meet the criteria designated in the Options group box. Highlight the partners to whom the remaining value should be distributed and click the Select button to move the partners to the Number of partners selected pane on the right.

Lists the partners you have selected to receive an equal or pro rata portion of the value in the Percent / Amount to distribute field.

Options group box

The behavior of this field changes based on how you accessed the Distribute dialog.

  • When you access the Distribute dialog from the Special Allocation of dialog or in the Allocations window in Partner Data Entry, UltraTax CS automatically filters the partners listed in the Available pane on the left based on the criteria of the filtered allocation. Clear this field to display all partners in the Available pane. For example, in the allocation for the Gross farming or fishing income field in Screen K-3, only those partners subject to self-employment are displayed.
  • When you access the Distribute dialog from the Changes of Ownership window or the Transfers of Capital window in Partner Data Entry, UltraTax CS automatically filters the partners listed in the Available pane on the left based on existing data entry for the change of ownership or transfer of capital. Clear this field to display all partners in the Available pane. For example, for a change of ownership, partners whose percentage of profit, loss, or ownership capital has already been modified are not displayed.

Note: This option is available only if the allocation is filtered to specific partners or there are partners with values that have not changed.

UltraTax CS calculates the remaining percent or amount to distribute as either 100 percent less the percentages already entered or as the total amount less the amount already entered. To distribute a different percentage or amount, change the value in this field.

Click this option to distribute the value in the Percent / Amount to distribute field equally to the partners in the Number of partners selected pane on the right.

Click this option to distribute the value in the Percent / Amount to distribute field pro rata to the partners in the Number of partners selected pane on the right.

Notes

  • When you are in the Allocations window or the Special Allocation of dialog, UltraTax CS uses the selected partners' profit sharing percentages to determine the pro rata percentage or amount to distribute.
  • When you are in the Changes of Ownership window, UltraTax CS uses the selected partners' profit, loss, or ownership percentages for the current change of ownership to determine the pro rata percentage to distribute.
  • When you are in the Transfers of Capital window, UltraTax CS uses the selected partners' ending capital to determine the pro rata percentage or amount to distribute.

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