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Screen MSGen - Mississippi General, Adjustments, Amended Return (1041)

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General Information

Estate / Trust name (Force)
The name you entered at the federal level may truncate because the state limits the space available. Override the abbreviated version as desired.
Date of confirmation
Enter the date of the bankruptcy confirmation for final year returns.
Standard / itemized deductions
The application automatically optimizes whether the trust or estate is entitled to the standard deduction or the itemized deduction.

Additions

Income on other states’ obligations: Interest (Force)
Income from other states calculates from data in the interest income boxes on the federal Income, K1, and K1T screens. Enter an amount in the
Total
 column to override the calculated amount. If you enter an income amount, also use
Expenses from other states’ obligations: Interest (Force)
 to override the expense calculation as necessary.
Income on other states’ obligations: Dividends (Force)
Income from other states calculates from data in the dividends boxes on the federal Income, K1, and K1T screens. Enter an amount in the
Total
 column to override the calculated amount. If you enter an income amount, also use
Expenses from other states’ obligations: Dividends (Force)
 to override the expense calculation as necessary.
Itemized deductions claimed on Form 1041 (Force)
If you are claiming the standard deduction, you must add the itemized deductions back to Mississippi income. Information entered here overrides the calculated amount of itemized deductions.

Deductions

Reductions in wages
Enter the amount of employment tax credits claimed on the federal return as a reduction in wages.
Expenses from other states’ obligations: Interest (Force)
Expenses allocate based on the ratio of outstate exempt income to total exempt income. Use this box to override the calculated amount. If you use this box, also use
Income on other states’ obligations: Interest (Force)
 to override the corresponding income calculation as necessary.
Expenses from other states’ obligations: Dividends (Force)
Expenses allocate based on the ratio of outstate exempt income to total exempt income. Use this box to override the calculated amount. If you use this box, also use
Income from other states’ obligations: Dividends (Force)
 to override the corresponding income calculation as necessary.
Other deductions
State tax refunds automatically copy to this statement when you print the return.

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