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Screen HIPBas1 - Hawaii Partnership Basis (1040)

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Overview

Use this screen to calculate the Hawaii return. Amounts that appear in the
HIPBas1
 screen automatically transferred from the federal
PBasis1
 screen or the Multistate Allocation Spreadsheet. The data transferred depends on the residency status of the return and the method of federal data entry.
For resident returns, Hawaii
State, if different
 amounts are transferred to the
Total Sources
 fields if present. If there are no Hawaii
State, if different
 amounts entered, the federal amounts transfer.
Hawaii Sources
 fields aren't relevant to a resident return.
For part-year and nonresident returns when K1 data is entered without using the Multistate Allocation Spreadsheet, Hawaii
State, if different
 amounts transfer to the
Total Sources
 and
Hawaii Sources
 fields if present. Blank
State, if different
 fields default to transferring the federal information to the
Total Sources
 column. Blank
State, if different
 fields default to transferring the federal information to the
Hawaii sources
 column only when the postal code of the activity is Hawaii.
For K1 data that has been entered using the Multistate Allocation Spreadsheet, Hawaii - Total sources amounts transfer to the
Total Sources
 fields. For part-year and nonresident returns, Hawaii - HI sources amounts transfer to the
Hawaii Sources
 fields. Blank Hawaii - Total sources amounts default to transferring federal information. Blank Hawaii - HI Sources fields default to transferring Hawaii - Total sources information.

Increases

Total Sources
Information from federal data entry transfers to these fields. The
Total Sources
 amounts are used to calculate the partnership basis in the activity as if the taxpayer were a resident of Hawaii. The calculated amounts are used for the
Total Sources
 calculations on all forms and worksheets.
PY/NR Only Hawaii Sources
Information from federal data entry transfers to these fields. The
Hawaii Sources
 amounts are relevant only to part-year and nonresident returns to calculate the Hawaii source partnership basis in the activity. The calculated amounts are used for the
Hawaii Sources
 calculation on all forms and worksheets. UltraTax CS assumes that a blank amount is zero. Blank
Hawaii Sources
 column amounts don't default to
Total Sources
 column amounts.

This article applies to:

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

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