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Screen DEAdj - Delaware Adjustments (1040)
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Overview
Use this screen to complete Form PIT-RES, Page 1
,
and related worksheets. If the information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-DE only shows the information on the form and not on the input screen.Enter interest and dividend income in the federal B&D, K1, and K1T screens. Use the links on the DEAdj screen to access these screens. State income and adjustments are calculated using the interest and dividend data entered in the statement windows in these federal screens. In those interest and dividend statements, you can indicate if data should be applied only to the federal return or only to the state return. In addition, the
State
and In-State Source %
fields indicate 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-DEpostal code in theStatefield to indicate that the data transfers only to the specified state and is ignored for federal purposes.
- For Delaware source interest and dividends reportable on part-year and nonresident Delaware returns, you need to enterDEin theStatefield in these federal statements. Also, you need to enter a percentage in theIn-State Source %field for interest and dividends reportable as DE source for nonresident DE returns.
- Interest from Municipal obligations and US Obligations from a pass-through entity and reportable in the federal K1 and K1T screens may be adjusted by new fields in the federal K1-St screen. If you enter data in these fields on the K1-St 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 federal K1-St screen for additional information.
Additions to Federal Adjusted Gross Income
Fiduciary addition to adjusted gross income
Use these fields to enter the net additions from fiduciary adjustments coming from income received from an estate/trust as shown on federal Form K-1.
Oil depletion percentage excess
Use these fields to enter the percentage depletion deduction allowable for federal purposes that are in excess of cost depletion. This data is added to the federal adjusted gross income on Form PIT-RES, Page 1.
Subtractions from Federal Adjusted Gross Income
Pension exclusion (Force)
Use these fields to force amounts that are different from the calculated pension exclusion amounts. UltraTax CS automatically calculates the pension exclusion based on information entered in the federal 1099 screen. Enter code
35
in the State use
field in the federal 1099 screen to indicate corporate pensions eligible for this exclusion. Dividends, capital gains, interest, rental income, and qualified retirement income items automatically calculates from data entered in UltraTax/1040. Dividends, capital gains, interest, rental income, and qualified retirement plan income items automatically transfer from the federal data entry and are included in the calculated deduction. UltraTax CS automatically excludes pensions up to the maximum amount allowed by law. The Delaware Pension and Retirement Exclusion Worksheet displays the calculation for the pension exclusion.State tax refund (Force)
Use these fields to force amounts that are different from the calculated amounts for the Delaware state tax refund. UltraTax CS automatically deducts state tax refunds designated with postal code
DE
in the federal Inc screen that are included in federal AGI. These amounts are subtracted from federal AGI on the Delaware return.Fiduciary subtraction from adjusted gross income
Use these fields to enter the net subtractions from fiduciary adjustments derived from income received from an estate or trust, as shown on federal Form K-1, Beneficiary's share of income and deductions. This entry is subtracted from the federal adjusted gross income on Form PIT-RES, Page 1.
Work opportunity tax credit (Force)
Use these fields to force amounts that are different from the calculated amounts for the work opportunity tax credit. UltraTax CS automatically deducts the portion of wages paid but disallowed as a deduction for federal tax purposes due to claiming the work opportunity credit on the federal return. This amount is subtracted from federal AGI in the taxpayer column on the Delaware return.
Delaware net operating loss carryforward
Use these fields to enter the federal net operating losses that weren't able to be transferred back in previous year returns due to the limitation on net operating loss carrybacks in these fields. This data is subtracted from the federal adjusted gross income on Form PIT-RES, Page 1.
Miscellaneous subtractions from adjusted gross income
Use the statement windows to enter miscellaneous amounts that should be subtracted from federal AGI.
Taxable social security and railroad benefits (Force)
Use these fields to force amounts different from the calculated taxpayer / spouse amounts for taxable Social Security and Tier 1 and Tier 2 railroad benefits. UltraTax CS automatically deducts the amount included in federal AGI based on information entered in the federal 1099 and SSA-1099 screens. Select the checkbox on the federal 1099 screen to indicate Tier 2 railroad pensions. These amounts are subtracted from federal AGI on the Delaware return.
Pension distributions used for qualifying education expense
Use these fields to enter the distributions received from qualified retirement plans, cash or deferred arrangements, or government deferred compensation plans. Enter only those distributions that were included in federal adjusted gross income and which were used in the same tax year to pay for books, tuition or fees at an institution of higher education for a qualified student. This data is subtracted from the federal adjusted gross income on Form PIT-RES, Page 1.
529 Contributions (Force)
Use these fields to force amounts different from the calculated amounts for 529 Contributions to Delaware-sponsored Tuition Program. UltraTax CS automatically calculates these amounts based on information entered on the federal 1099Q screen. These amounts transfer to Form PIT-RES, Page 1.
ABLE Contributions (Force)
Use these fields to force amounts different from the calculated amounts for qualified ABLE program contributions. UltraTax CS automatically calculates these amounts based on information entered on the federal 1099QA screen. These amounts transfer to Form PIT-RES, Page 1.
Age 60 or disabled exclusion (Force)
Use these fields to force amounts different from the calculated taxpayer / spouse amounts for the exclusion for certain persons 60 and over or disabled. UltraTax CS automatically deducts the maximum amount based on taxpayer / spouse age, disability, and earned income entered in federal input screens. These amounts are subtracted from federal AGI on the Delaware return.