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Screen LAAdj - Louisiana Income and Adjustments (1040)

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Overview

Use this screen to complete Form IT-540 and IT-540B and Louisiana Schedule E or the NPR Worksheet.

Additions to Income

Use this section to enter income items to be reported on the Louisiana return and to complete Schedule E or the NPR Worksheet.
Recapture of START contributions
Use this field to report any previously exempted Louisiana Student Tuition Assistance and Revenue Trust (START) contributions that were refunded to you during the current tax year by the Louisiana Office of Student Financial Aid.
Other additions
Enter other additions to federal adjusted gross income in the statement window attached to this field. These amounts are reported on Schedule E or the NPR Worksheet.

Subtractions from Income

Use this section to adjust income items transferring to the Louisiana return and to complete Schedule E or the NPR Worksheet.
Native American income
Amounts entered in this field adjust the calculated amount. UltraTax CS automatically defaults to amounts reported in the federal
W2
 screen with a Louisiana postal code and a State Use code of
2
 plus amounts reported in the federal
Income
 or
1099M
 screen with a Louisiana postal code and State Use code
21
.
Other nontaxable income
Enter other nontaxable items in this statement window. These amounts are reported on Schedule E with Code
49E
 or the NPR Worksheet as Other Exempt Income.
School expense deduction
In this statement window, enter the name of the student, name of school, and amounts paid for school expenses which are used in the calculation of the School Expense Deduction Worksheet. This amount displays on Schedule E or the NPR Worksheet.
The dropdown list displays the first and family names of dependents entered in the statement window in the federal
1040
 screen. A dependent can be selected from the dropdown list and
Dependent’s first
 and
last name
 populate.
Capital gain from the sale of Louisiana business
Enter the capital gains resulting from the sale of a Louisiana business. This amount displays on Schedule E or the NPR Worksheet.
Military pay exclusion (Force)
Enter an amount different than the calculated amount of the military pay exclusion on Schedule E or the NPR Worksheet. UltraTax CS automatically determines the calculated amount based on state use code
4
 entered in the federal
W2
 screen.
IRC 280(C) wage expense adjustment (Force)
Enter an amount different than the calculated amount of the wage expense deduction that wasn't enabled for federal income tax purposes under IRC 280(C).

Retirement Exclusions

Use this section to adjust income items transferring to the Louisiana return and to complete Schedule E or the NPR Worksheet.
Louisiana employees’ retirement benefits: Taxpayer Date / … / Amount (Force)
Enter the taxpayers’ Louisiana state employment retirement date(s) and amount in this field. UltraTax CS automatically determines nontaxable retirement amounts based on state use codes entered in the federal
1099
 screen.
Louisiana teachers’ retirement benefits: Taxpayer Date / … / Amount (Force)
Enter the taxpayers’ Louisiana teacher retirement date(s) and amount in this field. UltraTax CS automatically determines nontaxable retirement amounts based on state use codes entered in the federal
1099
 screen.
Federal retirement benefits: Taxpayer Date / … / Amount (Force)
Enter the taxpayers’ federal employment retirement date(s) and amount in this field. UltraTax CS automatically determines nontaxable retirement amounts based on state use codes entered in the federal
1099
 screen.
Other retirement benefits
Enter information relating to retirement benefits other than federal, teacher, or state benefits that aren't taxable in the State of Louisiana in this statement window. This field is
not
 to be used for the retirement exemption enabled by Louisiana, since UltraTax CS automatically calculates the exemption.
Retirement exemption - name of pension or annuity
Enter the name of the pension or annuity that is taxable to Louisiana and qualifies for the retirement exemption in this field. The amount of the retirement exemption is calculated.

Federal Income Tax Deduction Adjustments

Use this section to adjust federal income tax on the Federal Income Tax Deduction Computation Worksheet.
Federal disaster relief credits
Enter an amount different than the calculated amount of federal disaster relief credits.

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