Screen CALLCD - California Single Member LLC - Capital Gains and Losses (1040)

Overview

Use this screen to complete Schedule D.

Activity Information

This section displays the entity information for activities included in the Limited Liability Company. The
Activities included in LLC
statement dialog lists all federal activities included in the LLC. If no data is present in the statement dialog, the LLC is a state unit only and no federal data entry is transferred to the LLC.

Capital Gains and Losses

Use this section to enter capital gains and losses to calculate Schedule D (568) and Form 568, Schedule K.
UltraTax CS automatically includes on the LLC return sales entered in CAInc Screen, located in the Income & Adjustments folder, identified to a form and unit associated with the LLC activity. Enter any additional items in this statement dialog.
For Adjustment to Basis, enter a positive amount to reduce basis or a negative amount to increase basis reported on California Schedule D.
UltraTax CS automatically includes capital gains calculated from 1099C Screen identified with a form and unit included in the LLC on Schedule D (568). Use these fields to force an amount different from the calculated amount.
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