1120-US: Enter data for Schedule K-1, Box 17 - Other information (FAQ)

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There are two ways of entering shareholder supplemental information.

  • Enter amounts in Screen KSep in the Schedule K folder if you want an item to be allocated to all shareholders based on their ownership percentage. Enter a description and amount in the fields in the bottom section of the input screen. UltraTax CS allocates these items to each shareholder based on their respective ownership percentage.
  • Enter amounts in the Supplemental information field via the View > Shareholder Information > Other Info tab for each shareholder to allocate items to specific shareholders or based on an allocation method other than the shareholder's ownership percentage.

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