Shareholder Information > 1128 tab

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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 this tab to enter information to complete Form 1128, Part III, Section C, Application to Adopt, Change, or Retain a Tax Year.

To update Form 1128 information, open the Shareholder Information window, then click the 1128 tab.

Fields & buttons

Form 1128, Part III, Section C group box

Enter the amount of income the shareholder received from the S Corporation for the short period created when the tax year changed. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

Enter the amount of income the shareholder received from the S Corporation for the first year preceding the year of change. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

Enter the shareholder's tax year end if other than a calendar year end. If this field is blank, UltraTax CS uses a 12/31 default date as the shareholder's tax year end. UltraTax CS includes this information in a statement attached to Form 1128, Part III, Section C.

If the shareholder is a trust, select the type of trust from the drop-down list. UltraTax CS includes this information in a statement attached to the Form 1128, Part III, Section C.

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