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
Virginia information group box
Mark this checkbox if the partner is participating in the filing of a Unified Nonresident Individual Income Tax Return. UltraTax CS marks the box on this partner's Schedule VK-1.
Enter the date the partner acquired interest in this partnership. UltraTax CS uses this information on this partner's Schedule VK-1.
Enter the dates the partner was a resident of Virginia. UltraTax CS calculates withholding for the non-resident period.
If this partner is a partnership, select the type of partnership from the drop-down list. UltraTax CS determines the code for the owner's entity type on Schedule VK-1.
Mark this checkbox if the partner is exempt from income tax. UltraTax CS enters the appropriate code on the partner's Schedule VK-1 and prevents withholding tax from calculating for this partner.
Mark this checkbox if the partner is a publicly traded partnership. UltraTax CS enters code 04 on the partner's Schedule VK-1 and prevents withholding tax from calculating for this partner.
Mark this checkbox if the partner is exempt from withholding tax due to undue hardship. UltraTax CS enters code 06 on the partner's Schedule VK-1 and prevents withholding tax from calculating for this partner.
UltraTax CS
