Screen MSK1Sale - Mississippi Section 179 Information (1040)

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Overview

Use this screen to complete the state version of federal Form 4797 and Schedule D. Amounts that appear in the
MSK1Sale
screen are automatically transferred from the federal
K1Sale
screen. Report any state-related law differences and details in the
MSK1Sale
screen. Amounts in the
MSK1Sale
screen are ignored on the state versions of Form 4797 and Schedule D if
Exclude Schedule K-1 pass-through sales from Form 4797
in the
MSK1Sale
screen is marked.
State does not conform to section 179 QRP treatment
UltraTax CS automatically marks this box to indicate that the corresponding federal sale of section 179 QRP doesn’t apply for state purposes, so the sale isn't reported. The screen is completed for consistency with the corresponding federal screen unit.

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