New (tax) year, new help!
Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
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
Puerto Rico information group box
Mark this checkbox if the shareholder has made the election to apply Section 1115.04(c) of the Puerto Rico Income Tax Act.
If the shareholder has made the election to apply Section 1115.04(c), enter the distributable share of gain or loss for the shareholder.
Enter the distributive income or loss for the shareholder. UltraTax CS uses this amount on Form 480.6 CI for the shareholder.
Enter the amount of tax that was withheld on the distributive net income of the shareholder.
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 PRKSep. UltraTax CS prints the information you enter in this statement dialog in the statement for Form 480.6 CI for each shareholder.
Shareholder Basis group box
Enter the amount of capital contributions made by the shareholder during the year. UltraTax CS uses this information in the basis section of Form 480.6 CI.
Enter the amount of other increases to basis for the shareholder. UltraTax CS uses this information in the basis section of Form 480.6 CI.
Enter the distributable amount of gain or loss of the corporation of individuals for the shareholder. UltraTax CS uses this information in the basis section of Form 480.6 CI.
Enter the amount of withdrawals and distributions taken by the shareholder during the year. UltraTax CS uses this information in the basis section of Form 480.6 CI.
Enter the amount other decreases to basis for the shareholder. UltraTax CS uses this information in the basis section of Form 480.6 CI.