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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
Hawaii 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 for the shareholder.
| Code |
Description |
| 1 |
Withholding (default)
This is the default filing for 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 N-4. |
| 2 |
Nonresident tax agreement required
Select this option to indicate the shareholder is exempt from withholding and an affidavit is required for the nonresident shareholder. UltraTax CS completes Schedule NS. |
| 3 |
Nonresident tax agreement on file
Select this option to indicate the shareholder is exempt from withholding and an affidavit is already on file. UltraTax CS does not complete Schedule NS for this shareholder. |
| 4 |
Revoked nonresident tax agreement in current year
Select this option if Schedule NS was revoked. UltraTax CS completes the appropriate column of Form N-35, Schedule N. |
| 5 |
Composite filer and nonresident tax agreement required
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form N-15 and Schedule NS for participating nonresident shareholders. |
| 6 |
Composite filer and nonresident tax agreement on file
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder and Schedule NS is already on file. UltraTax CS completes Form N-15 for participating nonresident shareholders. |
Enter the number of shares owned at all times to override the value used for federal purposes. UltraTax CS uses this amount to report the number of shares owned at all times during the year on Hawaii Form N-35 Schedule N, Page 4.
Enter the year Schedule NS was filed. UltraTax CS completes the appropriate column of Form N-35, Schedule N.
If the amount of the Hawaii property distributions is not in proportion to the shareholders' ownership percentages, enter the amount of Hawaii property distributions (other than dividend distributions) in this field. If you leave this field blank, UltraTax CS defaults to the Hawaii amount of total property distributions multiplied by the shareholder percentage. The value of this field transfers to Schedule K-1, column (b) for Hawaii. UltraTax CS calculates the amount attributable elsewhere for column (c). If you enter information in this field, you must enter the property distributions for all shareholders in this tab.
UltraTax CS provides this statement dialog for supplemental information specific to each shareholder and corresponds to Hawaii's Schedule K-1. Use this statement dialog only for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use Screen HIKSep. UltraTax CS prints the information you enter in this statement dialog directly on Hawaii's Schedule K-1 if there is sufficient space remaining. Otherwise, the information prints on a supporting statement.
Composite return group box
UltraTax CS
