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
Montana 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. |
| 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 CLT-4S, Schedule IV for participating nonresident shareholders. |
| 3 |
Exempt from withholding and tax agreement on file
Select this option to indicate the shareholder agreement is already on file. UltraTax CS does not completes Form PT-AGR for this shareholder. |
| 4 |
Exempt from withholding and tax agreement required
Select this option to indicate an agreement is required for the nonresident shareholder. UltraTax CS completes Form PT-AGR. |
| 5 |
Revoke tax agreement and withhold tax
Select this option to revoke the shareholder agreement and indicate the shareholder is subject to the withholding. |
| 6 |
Revoke tax agreement and composite filer
Select this option to revoke the shareholder agreement and indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form CLT-4S, Schedule IV for participating nonresident shareholders. |
Enter a date if the corporation filed a Nonresident Income Tax Agreement in prior years and is not filing a composite return of behalf of a nonresident shareholder. When you enter a date, UltraTax CS enters the date on Montana Schedule K-1, Part 2, Partner/Shareholder Information.
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 MTKSep. UltraTax CS prints the information you enter in this statement dialog in the Schedule K-1 statement for Part 5, Other information.
UltraTax CS
