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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
Kansas 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 filing an individual income tax return for the shareholder.
| Code |
Description |
| 1 |
Individual return filer (default)
This is the default filing option for nonresident shareholder when a code is not selected from the drop-down list. Select this option to indicate the shareholder is filing an individual income tax return. |
| 2 |
Composite filer
Select this option to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Forms K-40/K-40C for participating nonresident shareholders. |
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 KSKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1 statements.
Composite return group box
Enter the number of additional standard deductions for the individual nonresident shareholder. UltraTax CS uses this amount to calculate the total standard deduction for the shareholder on Schedule K-40C - Composite Income Tax Schedule.
Enter the number of exemptions for the shareholder. UltraTax CS uses this amount to calculate the total exemptions for the shareholder on Schedule K-40C - Composite Income Tax Schedule.
Enter the amount of estimated payments for the shareholder if not prorata. If you leave this field blank, UltraTax CS uses the prorata amounts entered in Screen KSCPmt for the shareholder on Schedule K-40C - Composite Income Tax Schedule.
If you enter an amount in the Estimated payments (Force) field, you must enter an amount for each shareholder.
Select the shareholder's filing status from the drop-down list. UltraTax CS uses this information to complete Schedule K-40C - Composite Income Tax Schedule.
UltraTax CS
