New (tax) year, new help!
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
Michigan 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 listing the shareholder on Form 807, Page 4.
| Code |
Description |
| 1 |
Individual return filer (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 filing an individual tax return, and to list the shareholder on Form 807, Page 4. |
| 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 807 for participating nonresident shareholders and lists each on Form 807, Page 3. |
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 MIKSep. UltraTax CS prints the information you enter in this statement dialog in the Michigan Shareholder Information statements.
UltraTax CS
