View the weighted average calculations for shareholders

  1. Select
    File
    then
    Open Client
    to open the S Corporation client.
  2. Select
    Shareholder Information
    (or select
    View
    then
    Shareholder Information
    ) to open the
    Shareholder Information
    window.
  3. In the Shareholder tab, select
    Change of Ownership
      to open the
    Change of Ownership
    window.
  4. Select
    View Computation
      to open the
    Shareholder Weighted Average Computation
    window.
  5. Go to the dropdown and select the shareholder whose weighted average calculations you want to view.
    note
    • UltraTax CS uses Section 1377(a) to determine each shareholder's pro-rata share of shareholder items, unless an election under Section 1377(a)(2) or Regulation 1.1368-1(g)(2)(i) is made. To calculate shareholders' weighted average percentages, UltraTax CS performs several steps.
    • To print the Ownership computation report, select
      Shareholder
      then
      Print Reports
      and mark the
      Ownership computation
      checkbox. This report details the shareholders' ownership calculations.

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