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Screen CATax - California Credit Recapture and Other Taxes (1040)

Overview

Use this screen to complete Form 540, 540NR, or 3805P. If information transferred from UltraTax/1040 does not require additional data or coding, UltraTax/1040-CA shows it on the form only, not in the input screen.

Credit Recapture and Additional Taxes

Enter information for additional taxes in this section. UltraTax CS uses this information to complete the Other Taxes sections of Form 540 and 540NR or the Credit Recapture section of Form 3540.
UltraTax CS defaults to including the IRC Section 409A tax on Forms 540 and 540NR as other taxes with the literal description "NQDC" when code "
6
;
Income from nonqualified deferred compensation plans (NQDC)"
 is entered in the
Other taxes
 statement dialog on federal Other Tax Screen, located in the Taxes folder. Use this field to enter a California amount different from the federal amount.

Tax on Early Distributions

Use the fields in this section to enter an amount different from the calculated amount. UltraTax CS uses this information to complete Form 3805P, Part I.
Resident:
UltraTax CS automatically calculates the income subject to additional taxes on early distribution on Form 3805P, Part I, line 1 from data entered in the CA1099R Screen, CA1099R2 Screen, federal Form 8606, and the date of birth entered in federal 1040 Screens
Part-Year Resident:
UltraTax CS automatically calculates the income subject to additional taxes on early distribution on Form 3805P, Part I, line 1 from data entered in CA1099R Screen, CA1099R2 Screens, and the date of birth entered in federal 1040 Screen.
Use this field to enter an amount different from the calculated amount.
This field is required data entry when the total early distributions have been forced. UltraTax CS defaults to taxing the entire taxable amount on line 3 at the regular tax rate. Enter the portion of the total distributions included on Form 3805P, Part I, line 3 that are to be taxed at the Simple IRA rate.

Additional Tax on Qualified Plans (IRAs and Other)

Use the fields in this section to enter an amount different from the calculated amount. UltraTax CS uses this information to complete Form 3805P.
Use these fields to enter amounts different from amounts calculated on federal Form 5329.
Use these fields to enter amounts different from amounts calculated on federal Form 5329.
Use these fields to enter amounts different from the amounts calculated on federal Form 8853.
Use these fields to enter amounts different from the amounts calculated on federal Form 8853.
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