Screen ALK1-3 - Alabama Schedule K-1 - Deductions (1040)

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Overview

The
ALK1-3
screen is virtually identical to the federal
K1-3
screen, and the information that appears in this screen is automatically transferred from the federal
K1-3
screen or the state allocation spreadsheet. Use the
ALK1-3
screen to complete the Schedule E for resident and part-year tax returns and the recalculated Alabama version of federal Schedule E for nonresident tax returns.

Partner's / Shareholder's Share of Deductions

Health insurance deduction for small employer employee
Enter the amount from AL Schedule K-1 (Form 65 and Form 20S) Box Y. If the AL Schedule K-1 (Form 65 and Form 20S) is prepared using UltraTax CS, the amount will datashare to this field.

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