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 Partner Information window in Partner Data Entry to enter state-specific information for partners. State tabs appear only if you have added states to the return.
To update a partner's state-specific information, click that partner in the Partner Information window, and then click the appropriate state tab.
Fields & buttons
Massachusetts information group box
Mark this checkbox if the partner is exempt from withholding. UltraTax CS completes Form PTE-EX based upon the partner's entity type. UltraTax CS calculates withholding tax estimates for next year using the current-year taxable income if you do not mark this checkbox. This field is available for non-resident partners who are not participating in the composite return or for resident partners who are corporations, partnerships, trusts, grantor trusts, or estates.
Mark this checkbox if the partner is a resident or non-resident partnership or an S Corporation and the Files MA return checkbox is not marked. UltraTax CS completes Form PTE-EX, line 4.
Mark this checkbox if the partner is a non-resident partnership or an S Corporation and the Files MA return checkbox is not marked. UltraTax CS completes Form PTE-EX, line 5.
Mark this checkbox if the partner is an insurance company. This checkbox is available only for corporate partners. UltraTax CS completes Form PTE-EX, line 6.
Mark this checkbox if the partner is a corporate limited partner and is not a member of a combined group. UltraTax CS completes Form PTE-EX, line 7.
Mark this checkbox if the partner is a corporate limited partner and a member of a combined group. UltraTax CS completes Form PTE-EX, line 8.
Mark this checkbox if Form PTE-EX, Withholding Exemption Certificate for Members of a Pass-Through Entity, is on file for this partner. If Form PTE-EX is required to be filed for the current year, clear this checkbox.
Annual Reports group box
Mark this checkbox if the partner provides professional services but is not a member / manager for the annual report (PLLC).
Enter the business address of the LLC member / manager or LP general partner if the address is different from the federal business address for the annual reports.
Composite information group box
Mark this checkbox to include this partner in the composite return filing for Form NRCR.
Mark this checkbox if this partner is a composite partner and should be withholding at the higher rate.
UltraTax CS
