2018 UltraTax CS
Use Form 1041 to file an amended return.
- Choose File > Open Client and select the return to be amended.
- Choose File > Save As.
- Enter a new client ID to preserve the original information, and click Save.
- Close the preserved return and open the original return to modify the income, deductions, or beneficiary information as necessary.
- Click the General folder.
- On Screen Amend, enter data in the statement dialog for the Explanation of changes field to explain the changes made to the original return.
Note: To show that you amended Form 5227, enter the explanation in the Amended return explanation field on Screen SIT in the Split-Interest folder.
- Enter data in the Amounts as previously reported: fields, as applicable. If you have entered information in the Explanation of changes field, these amounts will apply to the return, as applicable.
Notes
- To amend a return for Illinois, Massachusetts, Minnesota, or Pennsylvania, you must enter X in the Transfer original information field on Screen Amend for the applicable state. Then, you change any information at the federal level to complete the fields with the original information.
- Form 1041, Schedule K-1 and Grantor / Agency Report are marked as amended when there is an entry in the statement for the Explanation of changes field on Screen Amend.