Use this field to enter interest income for Schedule B Part I. If you do not want the payers' names proforma'd, the paid amount is less than $1,500, and no special codes are needed, enter the interest amount directly on the B&D screen. Otherwise, open the statement and use the fields as described in the table below.

For more instructions on using this field, click the link below for the type of interest you're entering.

• Form 1099-OID data entry
• Form 1099-INT data entry
• Taxable interest
• Municipal and tax-exempt interest
• Series EE or I bond interest
• Foreign interest
• Private activity bond interest
• Accrued interest
• Enter nominee distribution amounts

Field	Description
F/S	If the interest is federal-only or state-only, code it as federal or state. If the interest should be reported on both federal and state, leave this field blank. If there are multiple states on the return, see Entering interest and dividend income for a multi-state return. Massachusetts and Pennsylvania:Do not use code S for interest entries with the state code MA or PA. Wisconsin: For interest earned from a health savings account which is subject to Wisconsin tax, enter S in the F/S column, WI in the State column, and code 14 in the State Use These entries enable the interest amount to appear as taxable on Schedule I, line 2h.
TSJ	Use this field to code the interest to the taxpayer, the spouse, or as joint.
Type Code	Use this field to categorize an adjustment amount or to indicate that the interest is a series EE or I bond that is eligible for the 8815 exclusion. Do not use a code when you enter taxable or tax-exempt interest other than series EE or I bond. Instead, if an item of interest income requires an adjustment, enter the total amount received on one line, then create a second line with a type code of 3, 4, 5, or 6, and enter the adjustment as a positive amount in the Interest Income field.
Payer	Enter the payer name. You can enter multiple lines with the same payer name. You can also enter the total interest per-payer on one line if you don’t need different type codes, OID Box codes, FATCA coding, or different state treatments in the US Ob ($ or %), In-State Muni ($ or %), In-State Source %, State, State Use, or State ID No.
Interest Income	Enter the amount of taxable interest income or to enter an adjustment amount. For taxable interest income, leave the Type code field blank. To enter an adjustment amount, use type code 3, 4, 5, or 6 and enter the adjustment amount as a positive number. Do not include any tax-exempt interest in the amount you enter here. For state returns, the amount in this field may be affected by the Us Ob ($ or %) field.
Tax Exempt	Enter the amount of tax-exempt interest. Include interest income attributable to private activity bonds issued after 8/7/86. For state returns, the amount you enter in this field may be affected by the In-State Muni ($ or %) field; see the details on that field.
AMT Int Income (PAB)	Enter tax-exempt income attributable to private activity bonds issued after 8/7/86. UltraTax CS uses this amount for Form 6251 calculations. To calculate Schedule B properly, you must also enter this amount in the Tax Exempt field.
Early W/D Penalty	Enter the early withdrawal penalty amount. This amount transfers to Form 1040, Schedule 1, Part II, line 17.
Inv Exp	Enter investment expenses.
Fed W/H	Enter federal income tax withheld. This withholding amount transfers to Form 1040, line 17.
State W/H	Enter state tax withheld. This withholding amount transfers to Schedule A, line 5a and the appropriate line of the state return.
US Ob ($ or %)	If any interest income is attributable to U.S. government obligations and nontaxable to the state, enter the nontaxable amount in this field. If you enter a percentage, UltraTax CS will automatically calculate the nontaxable amount by applying the percentage to the amount you entered in the Interest Income field.
In-State Muni ($ or %)	If any dividend income is nontaxable to the state, enter the nontaxable amount in this field. If you enter a percentage, UltraTax CS will automatically calculate the nontaxable amount by applying the percentage to the amount you entered in the Tax Exempt field.
In-State Source %	For part-year and nonresident state return calculations, use this field to enter the percent of the interest that is sourced to the state you enter in the State field. If you leave this field blank, UltraTax CS treats the income as 100% state source for the state you enter in the State field. If you leave both this field and the State field blank, UltraTax CS treats the income as 0% state source for any nonresident and part-year resident states on the return.
State	This field works in conjunction with the State W/H, US Ob ($ or %), In-State Muni ($ or $), In-State Source %, State Use, and State ID No fields. If you need to use any of those fields, enter the state that the related field applies to.
State Use	Use this field to indicate special treatment for the state in the State field. There is not a state use code for every state, and the codes vary depending on the state. If the code you need isn't in the list, check for a code in the state data entry. If no codes are available, make a manual adjustment to the amounts in the return.
State ID No	Enter the state ID number, which may come from 1099-INT box 16 or 1099-OID box 13.
OID Box	Use this field when state withholding is present for KY, MA, ND, NE, OH, PA. Enter 1 if the income is reported in Box 1, Original issue discount. Enter 2 if the income is reported in Box 2, Other periodic interest. Enter 8 if the income is reported in Box 8, Original issue discount on U.S. Treasury obligations.
The following fields are available when you click the globe icon to show foreign columns.
Foreign Amt (if different)	Enter the foreign source interest income. If the foreign amount is the same as the Interest income amount you entered for this line, you can skip this field and mark the X if Foreign field. To show or hide this field, click the globe icon at the top of the window.
Foreign Tax Paid	Enter the amount of foreign taxes paid on foreign interest income. If you enter an amount in this field and leave the Foreign Amt (if different) field blank, UltraTax CS uses the Interest Income field amount as foreign source income for Form 1116. To show or hide this field, click the globe icon at the top of the window.
X if Foreign	Use this field to indicate that the interest you entered on this line is foreign and to transfer the foreign amounts to Form 1116. If you enter an amount in either the Foreign Amt (if different) or Foreign Tax Paid fields, UltraTax CS fills out this field automatically. To show or hide this field, click the globe icon at the top of the window.
FATCA	Enter X if the FATCA checkbox is marked in the source document. There may be additional filing requirements for Form 8938 and/or FinCEN Form 114. Review the filing instructions for more information.
Do Not Proforma	Use this field to delete the item on next year's proforma.

To complete Schedule B, Part I, enter the interest income earned from any seller-financed mortgages in the statement. The payer's name, address, Social Security number, and interest amount prints on Schedule B. For complete instructions, see Seller-financed mortgage interest.

Use this field to enter dividend income (including foreign amounts for Form 1116) for Schedule B Part II. If you do not want the payers' names proforma'd, the paid amount is less than $1,500, and no special codes are needed, enter the amounts directly in the B&D screen. Otherwise, open the statement and use the fields as described in the table below.

For more instructions on using this field, click the link below for the type of dividends you're entering.

• Form 1099-DIV data entry
• Taxable dividends
• Municipal and tax-exempt dividends
• Foreign dividends
• Enter nominee distribution amounts

Field	Description
F/S	If the dividend income is federal-only or state-only, code it as federal or state. If the dividend income should be reported on both federal and state, leave this field blank. If there are multiple states on the return, see Entering interest and dividend income for a multi-state return.
TSJ	Use this field to code the dividend income to the taxpayer, the spouse, or as joint.
Type Code	Use this field to make a nominee adjustment. See Enter nominee distribution amounts.
Payer	Enter the payer name. You can use the same payer name on multiple lines of dividend income.
Ordinary Dividend	Enter ordinary dividends from Form 1099-DIV box 1a. Do not include any tax-exempt amounts in this field. For state returns, the amount you enter in this field is affected by the Us Ob ($ or %) field; see the details on that field.
Qualified Dividend	Enter qualified dividends from Form 1099-DIV box 1b. Do not include any tax-exempt amounts in this field.
Total Cap Gain	Enter the total capital gain distributions.
Sec. 1250	Enter section 1250 capital gain distributions. Additional fields for unrecaptured section 1250 gain are at the bottom of the B&D screen.
Sec. 1202	Enter section 1202 gains. Part or all of the section 1202 gain entered in this field may be eligible for an exclusion from income. If the section 1202 gain is eligible for the exclusion, enter a code in the 1202 Excl Code field and enter the name of the corporation whose stock was sold in the 1202 Corp reported on 1099-DIV field at the bottom of the B&D screen.
1202 Excl Code	If the taxpayer qualifies for the exclusion, enter or choose the code that represents the appropriate exclusion.
28% Cap Gain	Enter 28-percent capital gain distributions.
Tax Exempt Amount	Enter total tax-exempt dividends, including dividend income attributable to private activity bonds issued after 8/7/86. Do not enter any tax-exempt dividends in the Ordinary Dividend or Qualified Dividend fields. For state returns, the amount you enter in this field is affected by the In-State Muni ($ or %) field; see the details on that field.
AMT Exempt Div (PAB)	Enter dividend income attributable to private activity bonds issued after 8/7/86. UltraTax CS uses this amount for Form 6251 calculations. To calculate Schedule B properly, enter this amount again in the Tax Exempt Amount field.
Sec. 199A Div	Enter the portion of the amount in box 1a that may be eligible for the 20% qualified business income deduction under section 199A. This amount may be reported on Form 1099-DIV, box 5. This amount will be used for the qualified business income deduction calculations.
Inv Exp	Enter investment expenses.
Fed W/H	Enter federal income tax withheld on dividend income. UltraTax CS transfers this amount to Form 1040, line 17.
State W/H	Use this field to enter state tax withheld on dividend income. UltraTax CS transfers this amount to Schedule A, line 5a.
US Ob ($ or %)	If any dividend income is attributable to U.S. government obligations and nontaxable to the state, enter the nontaxable amount in this field. If you enter a percentage, UltraTax CS will automatically calculate the nontaxable amount by applying the percentage to the amount you entered in the Ordinary Divided column.
In-State Muni ($ or %)	If any dividend income is nontaxable to the state, enter the nontaxable amount in this field. If you enter a percentage, UltraTax CS will automatically calculate the nontaxable amount by applying the percentage to the amount you entered in the Tax Exempt Amount column.
In-St Src %	For part-year and nonresident state return calculations, use this field to enter the percent of the dividend income that is sourced to the state you enter in the State field. If you leave this field blank, UltraTax CS treats the income as 100% state source for the state you enter in the State field. If you leave both this field and the State field blank, UltraTax CS treats the income as 0% state source for any nonresident and part-year resident states on the return.
State	If you are using the State W/H, US Ob ($ or %), In-State Muni ($ or %), In-State Source %, State Use, and/or State ID No. fields, enter the state that the related field(s) applies to.
State Use	Use this field to indicate special treatment for the state you entered in the State field. There is not a state use code for every state and the codes vary depending on the state. If the code you are looking for isn't in the list, check for a code in the state data entry. If no codes are available, make a manual adjustment to the amounts in your return.
State ID No.	Use this field to enter the state ID number, which may come from 1099-DIV box 14.
The following fields are available when you click the globe icon to show foreign columns.
Foreign Ord Div	Use this field to enter the amount of foreign ordinary dividends. If the foreign amount is the same as the Ordinary Dividend amount, you can skip this field and mark the X if Foreign field.
Foreign Qual Div	Use this field to enter the amount of foreign qualified dividends. If the foreign amount is the same as the Qualified Dividend amount, you can skip this field and mark the X if Foreign field.
Foreign Cap Gain	Use this field to enter the amount of foreign capital gains. If the foreign amount is the same as the Total Cap Gain amount, you can skip this field and mark the X if Foreign field.
Foreign Tax Paid	Use this field to enter the amount of foreign taxes paid on foreign source income to calculate Form 1116.
X if Foreign	If there if foreign source income in this line, put an X in this field. If you mark this, UltraTax CS uses the Foreign Tax Paid amount and the Foreign Ord Div, Foreign Qual Div, or Foreign Cap Gain amounts to calculate Form 1116. If you did not enter an amount in those fields, UltraTax CS uses the Ordinary Dividends, Qualified Dividends, or Total Gap Gains amount.
FATCA	If the FATCA checkbox is marked in the source document, like the 1099-DIV, put an X in this field. There may be additional filing requirements for Form 8938 and/or FinCEN Form 114. Review the filing instructions for more information.
Do Not Proforma	Use this field to delete the item on next year's proforma.

Enter X if the foreign income (interest and dividends) and taxes on this screen are from a mutual fund or other regulated investment company (RIC). "RIC" will print on Form 1116, Page 1, line i. You don’t need to report RIC on a country-by-country basis.

Enter a country code to take foreign tax credit (unless electing exemption). If the income passed through from a mutual fund or other RIC, mark the Foreign income / taxes from a mutual fund or other regulated investment company (RIC) field instead of reporting country-by-country. The Foreign country or possession code/name fields are then inactive.

If you mark this field and the 1116 screen contains only qualified passive income with creditable foreign taxes of no more than $300 ($600 if married filing joint), filing Form 1116 is not required and it does not calculate. Carryovers from or to the current tax year do not calculate. 

If you enter an amount in this field, it reports on Schedule 3 (Form 1040), line 1, without review of exemption requirements. Carryovers from or to the current tax year do not calculate and will not proforma to next year. When Form 1116 does not calculate, the FTC Carryover Worksheet and Report also do not calculate.

Choose Yes or No to complete Schedule B, Part III, line 7a.

If the taxpayer has an interest in or authority over a foreign account and is required to file FinCEN Form 114, choose a foreign country code. This entry also populates the foreign country name field. If filing electronically, this field is required.

Choose Yes or No to complete Schedule B, Part III, line 8.

Choose 1 or 2 to elect to determine the fund basis. If you make this election on the B&D screen, do not make the same election on the Elect screen, in the Elections folder.

Enter X to elect to recognize the current income on noninterest-bearing accounts. If you make this election on the B&D screen, do not make the same election on the Elect screen, in the Elections folder.

Use this statement to enter capital gains and losses. For complete instructions, click the link for the type of capital gain or loss you're entering:

• Form 1099-B data entry
• Form 8949 exceptions
• Section 1202 Small Business Stock Gains Exclusion
• Worthless securities
• Nondividend distributions
• Nonbusiness bad debt information for Form 8949
• Wash sale

Enter an explanation for the basis on Form 8949, if other than the actual cost. The explanation in this statement prints as a required statement and is included in the electronic file with Form 8949.

Use this field to enter any gain from the sale or exchange of a partnership interest attributable to unrecaptured section 1250 gain. The amount reports on Unrecaptured Section 1250 Gain Worksheet, line 10. Any gain in this field must also be entered on either the Sale screen or the B&D screen in the Schedule D, Schedule for detail field.

Enter the total unrecaptured section 1250 gain from sales or other dispositions of section 1250 property held longer than one year but not included elsewhere in the return. Also enter the gain from the sale or exchange of an interest in a partnership attributable to section 1250 gain.

Unrecaptured section 1250 gain calculates from information entered elsewhere in the return. The amount you enter in this field increases or decreases the calculated amount reported on line 12 of the Unrecaptured Section 1250 Gain Worksheet and is used in the tax calculation using the maximum capital gains rates. Enter AMT information on the AMT screen.

If the section 1202 gain on Form 1099-DIV is eligible for the 50-, 60-, 75-, or 100-percent exclusion, enter the name of the corporation whose stock was sold. To report more than one corporation per form, you can attach a statement to this field. The statement prints with the return. For more information, see Setting up custom statements.

Use this statement to enter capital and ordinary gains and losses from virtual currency transactions.