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Screen HICasPY - Hawaii Prior Year Personal Casualty and Theft Loss (1040)
Overview
Use this screen to complete Section A, Personal Use Property, of federal Form 4684, Casualties and Thefts, with Hawaii amounts. Amounts that appear in the
HICasPY
screen are automatically transferred from the federal CasPY
screen. It's important to report any state-related law differences and details in the HICasPY
screen.note
All units created in the federal
CasPY
screen are transferred to UltraTax/1040-HI. For nonresident and part-year returns, all units created in the federal CasPY
screen are used to calculate Form N-15, Column A. Form N-15, Column B calculates from units only when postal code HI
is entered for the casualty.note
Each asset will need to be in the same column on this screen as on the corresponding federal
CasPY
screen to preserve the federal-to-state transfer of current-year replacement data. Because some assets may have resulted in a federal deferred gain and a state loss (or gain not deferred), some columns on this screen may be blank.This article applies to:
- PRODUCT: UltraTax CS
- Return type: 1040 Individual
- State: Hawaii