Multi-state K-1 allocations for 1065 or 1120

Refer to the following data entry procedures for a partnership or corporation that gets K-1s that need to be allocated to multiple states.
Because most states don't allow for allocation, UltraTax CS doesn't provide an allocation feature within the
K1 1065, 1041
folder. For states that allow for allocation, the data entry is completed within the state input screens. If there's a
K1 1065, 1041
folder within the state input screens, then that state allows for allocation.
The information entered within the
K1 1065, 1041
folder won’t show in the
Apportionment Information
window.
If the state doesn't allow for allocation, and you still want to allocate the amounts, enter the allocations under
View
, then
Apportionment
to generate the appropriate apportionment percentage or override the state form.

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