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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

Illinois 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 pass-through withholding payments on Schedule K-1-P(3).

Code

Description

1

Pass-through withholding payment (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 nonresident shareholder should calculate a pass-through withholding payment on Schedule K-1-P(3).
2

Form IL-1000-E on file (Non-individual only)

Select this option to indicate the shareholder is exempt from pass-through withholding payments and Form IL-1000-E was previously filed. UltraTax CS does not complete Schedule K-1-P(3). This option does not apply to individual non-resident shareholders per Form IL-1000-E instructions.
3

Complete Form IL-1000-E (Non-individual only)

Select this option to indicate the shareholder is exempt from pass-through withholding payments and Form IL-1000-E is being filed this year. UltraTax CS does not calculate Form IL-1000-E and the form must be completed as a non-calculating form by the user. This option does not apply to individual non-resident shareholders per Form IL-1000-E instructions.

Note: Options 2 and 3 indicate the nonresident shareholder should not be included in the calculation of pass-through prepayments. UltraTax CS modifies the calculation of the pass-through entity payment for Form IL-516-I or Form IL-516-B to exclude this nonresident shareholder.

Mark this checkbox if the shareholder is a Disregarded Entity. When you mark this checkbox, UltraTax CS marks the Disregarded Entity checkbox on Schedule K-1-P, Step 2, line 9b.

Enter the name of the entity the Schedule K-1-P amounts will be reported by. When you enter a name, UltraTax CS completes the Name field on Schedule K-1-P, Step 2, line 9b.

Enter the SSN or FEIN of the entity that will report the Schedule K-1-P amounts. When you enter a SSN or FEIN, UltraTax CS completes the SSN or FEIN field on Schedule K-1-P, Step 2, line 9b.

Enter the C/O for the shareholder. When you enter a C/O, UltraTax CS completes the C/O field on Schedule B, Section B.

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 ILKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1-P statements.

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