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Form 8990 data entry in UltraTax CS

With the 2018.3.8 release of UltraTax CS, Form 8990 is a calculating form. Prior to the update, Form 8990 was only available in the Non Calculating folder. If there is any information entered on the non calculating form, that will supersede the calculating version. To clear the non calculating form, go to the Non Calculating folder, select
8990
, and choose
Edit
 then
Delete Screen Data
.
Non Calculating form
To complete the non calculating version of this form, go to the Non Calculating folder, select the
8990
 screen, and enter the amounts directly onto the form. With non calculating forms, information won't data share onto the form from pass-through entities.
If you have any data entered on the non calculating version of the form, it will override the UltraTax CS 8990 calculations when you e-file.
Calculating form
Before entering data to calculate Form 8990, make sure the non calculating form is blank.
  1. Go to the Non Calculating folder
  2. Select the
    8990
    screen.
  3. Select
    Edit
     then
    Delete Screen Data
    .
  4. Use the following screens to calculate the form:
    • Other With Return folder then
      8990
       screen. Data you enter on this screen only flows to Form 8990 and will not affect any other form or schedule in the return.
    • K1 1065, 1120S folder,
      K1-6
       screen, then Business Interest Expense (Form 8990) section.
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