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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 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
Colorado information group box
If the shareholder is a nonresident, enter a code from the following table or select the code from the drop-down list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to calculating withholding on Form DR 0108 for the shareholder.
| Code |
Description |
| 1 |
Withholding (default)
This is the default filing for a nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to withholding on Form DR 0108. |
| 2 |
Composite filer
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form 106 for participating nonresident shareholders. |
| 3 |
Nonresident income tax agreement required
Select this option to indicate the shareholder is exempt from withholding. When you select this option, UltraTax CS completes Form DR 0107 for the nonresident shareholder. |
| 4 |
Nonresident income tax agreement on file
Select this option to indicate the shareholder is exempt from withholding and has already filed Form DR 0107. When you select this option, UltraTax CS does not complete Form DR 0107 for the nonresident shareholder. |
Use this field to enter a tax year end other than a calendar year end. UltraTax CS uses this information to complete Form DR 0107.
Enter the nonresident shareholder's Colorado account number. UltraTax CS uses this information to complete Forms DR 0107 and DR 0108.
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 COKSep. UltraTax CS prints the information you enter in this statement dialog in the Shareholder Worksheet statements.
UltraTax CS
