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State combined and consolidated returns

State consolidated/combined return - step 1

Follow these steps to enter a state consolidated/combined return.
  1. In
    Organizer
    , select
    Consolidated Returns
    , then
    Step 1 - What to Consolidate, States to Combine/Consolidate
    .
  2. Select
    State and City Activation / Consolidation
    .
  3. If you want to make all states active for this return, select
    Activate All States
    .
  4. Use the
    Return Type
     column to change the return type from the default, which is the federal return type. DC, FL, LA, MI, NH, TN, and TX only have 1120 return type.
  5. The federal
    Entity Type
     displays at the top of the column for reference. All states shows as the federal type except for DE, LA, MN, NJ, NC, PA. Select a different type on a state-by-state basis.
  6. Use the
    Financial Return
     column to add separate financial returns for the states that have them.
  7. Use the
    Suppress Proforma
     column to prevent the state from rolling over to the next year.
  8. Select
    Delete
     to delete all information previously entered for the state return.
Enter state adjustments and other state information in the parent and subsidiaries. In this instance, the system generates a state combined/consolidated return during consolidation.

This article applies to:

  • Product: ONESOURCE Income Tax Express RS
  • Return type: 1120 Corporation
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