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Sharing K-1 state if different (SID) data

The following examples of data sharing in SID columns illustrate how SID data is shared on 1040 and 1041 returns. The data sharing feature will automatically share most state if different (SID) K-1 financial data between state applications. The SID columns on the 1040 and 1041 input screens are used by the following state returns.
  • Alabama
  • California
  • Hawaii
  • Kentucky
  • Massachusetts
  • New Jersey
  • Pennsylvania
  • Wisconsin
note
  • The State allocation spreadsheet is available only when the client being processed includes at least 1 state return. Use the
    State, if different
     fields in the
    K1
    ,
    K1-2
    ,
    K1-3
    ,
    K1-4
    ,
    K1-5
    ,
    K1-6
    ,
    K1-7
    ,
    K1T
    , and
    K1T-2
     screens for single-state processing.
  • The
    State, if different
     fields for the
    K1
    ,
    K1-2
    ,
    K1-3
    ,
    K1-4
    ,
    K1T
    , and
    K1T-2
     screens are applicable to full build-up states, partial build-up states, and part-year resident or nonresident AGI states. The
    State, if different
     fields for the
    K1-5
    ,
    K1-6
    ,
    K1-7
    , and
    K1-8
     screens used for basis limitations and related carryovers are applicable only to full build-up states; AL, CA, HI, KY, MA, and WI; and NY part-year resident and nonresident returns. Other state returns being processed with the return will be displayed in the State allocation spreadsheet, but the amount fields won't be enabled for data entry.
  • Data sharing won't use the state ZIP Code on the
    K1
     screen or the
    1040
     screen to determine the client's resident state. UltraTax CS defines the resident state under
    File
    , then
    Client Properties
     for data sharing purposes.
  • For California, Hawaii, and Wisconsin Schedules K-1 and K1-T, enter the total source amounts using the
    State, if different
     fields as needed. When processing a part-year or nonresident California, Hawaii, or Wisconsin return, state source amounts that differ from total source amounts may be entered in the State allocation spreadsheet. When the ZIP Code in the
    K1
     screen is CA, HI, or WI, state source amounts that are blank will default to the state total source amounts. For all ZIP Codes other than CA, HI, or WI, state source amounts that are blank will default to zero.
  • When processing a New Jersey return, use the New Jersey K-1 or the amounts from the worksheets in New Jersey's GIT-9P or GIT-9S. Only 2 amounts should be reported: the total everywhere income and the New Jersey sources income. When the ZIP Code for the Schedule K-1 is NJ, enter the everywhere amount as ordinary income (ordinary business income on a trust) for residents. Nonresident and part-year residents enter the New Jersey source income as ordinary income. When processing multiple states, use the ordinary income fields in the allocation grid. For nonresident and part-year resident returns, enter the total income everywhere in the
    Ordinary income everywhere
     field on the
    K1-ST
     screen, when different from federal ordinary income.

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