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Screen ARAdj - Arkansas Income and Adjustments (1040)

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Overview

Use this screen to calculate adjustments to federal AGI.

Income and Adjustments

UltraTax CS uses information in this section to complete Form AR1000F / AR1000NR Page 1; Form AR1000ADJ - Arkansas Schedule of Adjustments; and Form AR4.
Other income
Information in the statement dialogs attached to these fields transfers from the
Other Income
 statement dialog attached to the federal Income Screen. Items with a postal code of
AR
 or blank are included in the AR source amounts columns. Enter descriptions and amounts of additional items to be included on Form AR1000F / AR1000NR.
Loss excess deferral distribution
Report a loss on a corrective distribution of an excess deferral in the year the excess amount (reduced by the loss) is distributed to you.
Border city exemption
Enter the amount of income exempted from Arkansas income tax. Amounts entered here transfer to Form AR1000ADJ, line 1.
NOL carryover (Force)
Use these fields to enter the instate amount of NOL carryover for taxpayer and spouse.
Other adjustments
Information in the statement dialogs attached to these fields transfers from the
Other adjustments
 statement dialogs attached to the federal OtherAdj Screen. Items with a postal code of
AR
 or blank are included in the AR source amounts columns. Enter a description and amount of additional items to be included on Form AR1000ADJ.
IRA contributions (Force)
Use these fields to force the amount of IRA contributions if different due to Arkansas law, or to allocate between taxpayer and spouse.
Student loan interest (Force)
Use these fields to force the amount of student loan interest if different due to Arkansas law, or to allocate between taxpayer and spouse.
Intergenerational trust
Enter the amount of any deductible contributions made to an Intergenerational Trust. Amounts entered here print on Form AR1000ADJ.
Payments to SEP / Keogh (Force)
Use these fields to force the amount of SEP / Keogh contributions if different due to Arkansas law or to allocate between taxpayer and spouse.
Arkansas tuition savings (Force)
Use these fields to override the amount of Arkansas Tuition Savings Program contributions calculated from amounts entered in the federal 1099Q Screen.
Other states tuition savings
A deduction of up to $3,000 is allowed for contributions to a Tax-Deferred Tuition Savings Program established by another state if the amount is not deducted in the other state or on the other state's income taxes.
Military reserve expenses (Force)
Enter amounts in these fields to override the calculated military reserve expenses from federal Form 2016.
Teacher investment expense
Information in the statement attached to these fields transfers from the Educator expenses statement dialogs attached to the federal OtherAdj Screen. Expenses that are transferred will need an expense code assigned so that the items purchased will be properly presented among the various categories on Form AR1000CE. Any expenses that are not assigned an expense code will default to category 2, School supplies.

Pass Through Entity Adjustment

UltraTax CS uses information in this section to complete Form AR-OI, Pass-Through Entity adjustment.
Pass-Through Entity adjustment
Enter the current year addition adjustment amount in the
Pass-through entity taxes (State return only) - addition
 field on the federal K1-4 screen. Enter the current year subtraction adjustment amount in the
Pass-through entity taxes (State return only) - subtraction
 field on the federal K1-4 screen.
When using data share from S-Corp and Partnership returns prepared in UltraTax CS, the pass-through entity income/loss will transfer to these fields.

Organ Donor Deduction

UltraTax CS uses information in this section to complete Form AR1000OD.
Deduction allocation (Force)
The deduction defaults to the taxpayer. If you need to allocate the deduction to both the taxpayer and spouse, use this field to divide the deduction calculated for AR1000OD. These amounts appear on the Arkansas AGI Worksheet and the main return.

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