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Screen VTNRPY - Vermont Nonresident and Part-year Resident (1040)

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Overview

Use this screen to enter data for part-year residents and nonresidents.
note
This screen only appears if you mark the state return as a part-year or nonresident return. To do so, select
File
, then
Client Properties
. In the
Vermont
 tab, verify the Part-year Resident or Nonresident option is selected.

Part-year Residency Dates and Nonresident State

Other state(s) of residency
Enter the postal code of the other state or province where you lived in the tax year during your period of Vermont nonresidency.

Earned Income Credit Part-year Adjustments

Wages, tips, etc (Force)
This field is only for part-year residents who have a federal earned income credit. Force an amount in this field to override the calculated amount for wages, tips, etc. entered elsewhere.
Self-employment income (Force)
This field is only for part-year residents who have a federal earned income credit. If you leave this field blank, UltraTax CS calculates the Vermont portion of self-employment income, net of the SE tax adjustment on Form IN-112, Schedule C based on your postal code entries in the C, F, and K1 federal screens. You may force the Vermont portion of self-employment income by making an entry in this field if you do not wish to use the calculated amount.

AGI Worksheet State Amounts

Schedule D (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amount columns of the Vermont AGI Worksheet for the Capital gain/loss line. UltraTax CS automatically calculates the in-state amounts of Capital gain or loss.
note
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule D related items. Returns with PAL and basis adjustments, and PAL and capital loss carryovers should be reviewed for Schedule D as well as Form 4797 in-state amounts.
Form 4797 (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the Vermont AGI Worksheet for the Other gain / loss line. UltraTax CS automatically calculates the in-state amounts for federal Form 4797, Part II.
note
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Form 4797, Part II related items. Returns with PAL and basis adjustments should be reviewed for Form 4797 and Schedule D in-state amounts.
Schedule E (Force)
For part-year and nonresident returns, use these fields to enter an amount different from the calculated amount in the State Amounts columns of the Vermont AGI Worksheet for the Rents, royalties line. UltraTax CS automatically calculates the in-state amounts for federal Schedule E.
note
These calculated amounts are based on the postal codes entered in UltraTax/1040 for Schedule E related items. Returns with PAL, basis, and at-risk adjustments should be reviewed for Schedule E in-state amounts.
Net operating loss carryover
For part-year and nonresident returns, use these fields only when completing the State Amounts columns of the Vermont AGI Worksheet for the Net operating loss carryover included in the Other income line. UltraTax CS defaults the amount of net operating loss carryover in the Federal Amounts column to the taxpayer when the federal filing status is married filing joint. The portion of the federal net operating loss carryover applicable to this state should be entered in the Net operating loss carryover taxpayer and spouse fields. Amounts are entered as positive numbers.

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