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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 Form 1040NR to file a nonresident return for a foreign estate.

1. Open Screen 1041 in the General folder, and enter X in the Prepare Form 1040NR field.
2. In the Income, Deductions, and activity folders, enter income and deductions that are effectively connected with a U.S. trade or business.
3. Go to View > Beneficiary Information and enter the beneficiary name, address, and allocation information to prepare Schedule K-1 equivalents for the beneficiaries.
4. Open Screen 1040NR in the General folder and enter any necessary information in the General Information section.
5. In the Income Not Effectively Connected section, enter data to report income on Form 1040NR, Page 4, Schedule NEC. UltraTax CS reports withholding amounts you enter in this section in the Form 1040NR, Page 2, Payments section.

   Note: Income not effectively connected with a U.S. trade or business is generally taxes at 30%. UltraTax CS applies the 30% tax rate to income amounts you enter directly into the input screen instead of the statements. If the income is subject to a different rate due to a treaty or other reasons, enter the information in the applicable statement.

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