Account for tax law differences between federal and state

UltraTax CS assumes that if differences in state tax law affect an amount, you'll enter the correct state amount at either the federal level or the state level.
  • At the federal level
    : In the sections for interest, dividend and other income, code the amount with an
    S
    for state only. On the multi-unit pass-thru screens (K1 and K1T) enter the state amount in the field in the State, if Different column.
  • At the state level
    : For multi-unit activity screens (such as C, F, and Rent), change the amount in the state input screen to overrule the amount that UltraTax CS transferred from the federal screen. UltraTax CS displays the new amount in black. When you overrule a transferred amount, UltraTax CS doesn't replace that data with subsequent federal-to-state data transfers.
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