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Screens

Screen HIF - Hawaii Farm (1040)

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Overview

Use this screen to complete the Hawaii portions of Form N-11. Federal Schedule F information automatically transfers to the relevant fields.

General Information

UltraTax CS uses information in this section to complete portions of Form N‑11.

Income and Expenses

For all returns,
Total Sources
 calculations always include 100 percent of income and expenses entered in the federal
F
 and
F-2
 screens. For part-year and nonresident returns, activities with postal code
HI
 that aren't allocated using the state allocation spreadsheet include 100 percent of income and expenses in the
Hawaii Sources
 calculations; activities with any other postal code exclude all income and expenses for the
Hawaii Sources
 calculations. When you enter data into the state allocation spreadsheet,
Hawaii Sources
 amounts are calculated by multiplying the total income and total expenses by the amount in
Percent of federal allocated to state
 entered in the federal
St CO
 screen with postal code
HS
 (Hawaii Source). Blank
HS
 screen amounts default to
HI
 screen amounts.
Gross income adjustment / Expense adjustment
Income and expense adjustments made in this field are reported on the Reconciliation Report. Differing income, expenses, or depreciation for business units are reported as an addition or subtraction on the Hawaii return.
Prior year Section 179 / … / Recomputed Section 280F
Information appears in the shaded fields from data entered in federal
F
 screen and in the asset module. Use the
Force
 fields to force an amount different than the calculated amount appearing in the shaded default fields.

Passive Activity and Carryover Information

Information that appears in this section is automatically transferred to this input screen from the federal
F-3
 and
St CO
 screens.
Operating/ … /Section 179 Carryover
When
Total Sources
 state-specific carryover information is available for proforma, the information is proforma’d to the corresponding federal input screen for the activity. The information is federal-to-state transferred to the
Total Sources
 fields. When Hawaii source carryover information is available for proforma, the information is proforma’d to the
Hawaii Sources
 fields.
Hawaii Sources
 fields with no data are assumed to be zero. The calculation doesn't default to the
Total Sources
 amounts. The
Hawaii Sources
 fields are used to calculate the part-year and nonresident returns only.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Hawaii

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