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 this tab in the Shareholder Information window to enter city-specific information for shareholders. The Michigan Cities tab appears only if you have added states/cities to the return.
To update a shareholder's city-specific information, click that shareholder in the Shareholder Information window, and then enter the applicable city information in the tab.
Fields & buttons
Flint information group box
Mark this checkbox if the shareholder is a resident of Flint.
Enter the period of time the shareholder was a resident of Flint during the current year in the From and To fields. UltraTax CS uses this information to calculate the shareholder’s resident and nonresident portions of income and tax paid for Form CF-1120, Schedules S2 and S3.
Notes
- Part-year residency status applies only to individual shareholders.
- If you leave either of these fields blank, UltraTax CS assumes the shareholder was a full-year resident or full-year nonresident of Flint, depending on whether the Resident of Flint checkbox is marked.
Mark this checkbox if the shareholder is an electing small business trust. UltraTax CS enters this information on Form CF-1120, Schedule S2, column 3.
Grand Rapids information group box
Mark this checkbox if the shareholder is a resident of Grand Rapids.
Enter the period of time the shareholder was a resident of Grand Rapids during the current year in the From and To fields. UltraTax CS uses this information to calculate the shareholder's resident and nonresident portions of income and tax paid for Form CF-1120, Schedules S2 and S3.
Notes
- Part-year residency status applies only to individual shareholders.
- If you leave either of these fields blank, UltraTax CS assumes the shareholder was a full-year resident or full-year nonresident of Grand Rapids, depending on whether the Resident of Grand Rapids checkbox is marked.
Mark this checkbox if the shareholder is an electing small business trust. UltraTax CS enters this information on Form CF-1120, Schedule S2, column 3.
UltraTax CS
