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Screen CTAdj - Connecticut Adjustments to Income (1040)
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Overview
Use this screen to complete Form CT-1040NR/PY and Schedule CT-SI. Interest and dividend income is entered in the B&D, SDE, K1, and K1T federal screens. Open these screens using the links provided in the CTAdj screen. Interest and dividend data entered in the statement dialogs in these federal screens is used in the calculation of state income and adjustments. In those interest and dividend statement windows, you can indicate if data should be applied only to the federal return or only to the state return. The state postal code and
In-State Source %
indicates which state should react to the data entered in the federal statements.- EnterFin theF/Sfield to indicate that the item is for the federal return only.
- EnterSin theF/Sfield and a non-SSpostal code in theStatefield to indicate that the item transfers only to the state specified and is ignored for federal purposes.
- For Connecticut source interest and dividends reportable on part-year and nonresident Connecticut returns, enterCTin theStatefield in these federal statements.
- For interest and dividends reportable as Connecticut source for nonresident Connecticut returns, enter a percentage in theIn-State Source %field.
- Use the fields on the K1-St federal screens to adjust interest from municipal obligations and US obligations from a pass-through entity that is reportable in the K1 and K1T federal screen. If data is entered in these fields in the K1-St federal screen, the total of all K1 or K1T data for that income type is adjusted by the requested amount for that K1 or K1T. The state return uses the adjusted amount in its calculations. See the K1-St federal screen for additional information.
Additions
UltraTax CS uses information in this section to complete the Connecticut AGI Worksheet and Schedule 1 of either Form CT-1040 or CT-1040NR / PY. Enter amounts in the
Total
column as you want them to appear on Schedule 1 of Form CT-1040 or CT-1040NR / PY. The NR/PY
fields apply only to part-year residents and nonresidents. Enter the amount of each modification that applies to Connecticut for part-year residents and nonresidents if different
from amounts in the Total
column. If there are no amounts entered in the NR/PY
column, amounts in the Total
column are used in the calculations.Taxable amount of lump sum distribution not in federal AGI (Force)
Using data entered in federal Screen 1099R-2, UltraTax CS automatically calculates the amount of lump sum distributions not in federal AGI. To override the calculation, enter an amount in this field.
Beneficiary's share of Connecticut fiduciary adjustment
Use the statement dialog to enter the amount of beneficiary's share of Connecticut fiduciary adjustment to be added to federal adjusted gross income. UltraTax CS nets the total additions with the total subtractions and reports the net amount on the appropriate line on Schedule 1 and Schedule AW.
Loss on sale of Connecticut state and local government bonds
Use the statement dialog to override the calculated amount when state use code
11
from the B&D federal screen, Schedule for detail
is used. These amounts are transferred to the appropriate line on Form CT-1040, Schedules 1 and AW.Other additions
Use the statement dialog to enter any other additions to federal adjusted gross income not listed on the form. In the
Code
column, select the code that describes the addition from the field view.- Code9, Other additions, accommodates situations that are not listed. Type directly over the text to describe the situation. The detail entered in this statement dialog prints as a submittable statement attached to the return.
- Amounts with a code4are not included on Form CT-6251, line 2, Additions to Federal Alternative Minimum Taxable Income.
Subtractions
Social security benefit adjustment (Force)
UltraTax CS automatically calculates the amount of Social Security benefit adjustment on the Connecticut Social Security Benefit Adjustment Worksheet. To override the calculation, enter an amount in this field.
Tier 1 and 2 railroad benefits and supplemental annuities (Force)
UltraTax CS automatically calculates the amount of Tier I, Tier II, and supplemental annuity benefits. This amount transfers from units of Screen 1099R with an
X
in the RR tier 2 benefits
field, and from amounts entered in the RRB-1099 Facsimile section of federal Screen SSA-1099. To override the calculation, enter an amount in this field.Beneficiary's share of Connecticut fiduciary adjustment
Use the statement dialog to enter the amounts of beneficiary's share of Connecticut fiduciary adjustment to be subtracted from federal adjusted gross income. Enter all subtractions as positive amounts. UltraTax CS nets the total additions with the total subtractions and reports the net amount on the appropriate line on Schedule 1 and Schedule AW.
Gain on sale of Connecticut state and local government bonds
Use the statement dialog to override the calculated amount when state use code 11 from federal Screen B&D, schedule for detail, is used. These amounts are transferred to the appropriate line on Form CT-1040, Schedules 1 and AW.
Connecticut higher education trust (CHET) prior year carryover
UltraTax CS automatically proformas the prior-year carryover amounts to this statement dialog. Any proforma amounts on this statement can be overwritten if the amounts differ from the amounts that are shown. The CHET account number is mandatory and must be a 14-digit number.
Other subtractions
Use the statement dialog to enter any other subtractions from federal adjusted gross income not listed on the form. In the
Code
column, select the code that describes the subtraction from the field view. The detail entered in this statement dialog prints as a submittable statement attached to the return.