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Screen 8916A - Schedule M-3 - Supplemental Attachment (1065)

Cost of Goods Sold

Use this section to enter information to calculate the total cost of goods sold for Form 8916-A, Part I. The total cost of goods sold transfers from Form 8916-A to Schedule M-3, Part II, line 15.
The application automatically transfers book and tax amounts and calculates the necessary temporary or permanent difference for the following items on Form 8916-A, Part I.
  • Depreciation from Form 1125-A, Cost of Goods Sold (Enter the book amount in the
    Depreciation - book: Cost of goods sold
     field in the M1M2 Screen.)
  • Other section 263A costs
The application automatically transfers book and tax amounts and calculates a temporary difference for cost of goods sold depreciation on Form 8916-A, Part I, line 2l, Depreciation. Enter amounts, including 0 (zero), to force the application-calculated amounts for expense per income statement for column (a), the temporary difference for column (b), and the permanent differences for column (c) for Form 8916-A, Part I, line 2l, Depreciation. Column (d) completes based on your entry in these fields.
UltraTax CS automatically transfers book and tax amounts to Form 8916-A, Part I, line 2n, Other section 263A costs. Enter amounts, including 0 (zero), to force the UltraTax CS-calculated amounts for expense per income statement for column (a), the temporary difference for column (b), and the permanent differences for column (c) for Form 8916-A, Part I, line 2n, Other section 263A costs. UltraTax CS completes column (d) based on your entry in these fields.
If you leave this field blank and enter
X
 in the
Calculate adjustment to balance Schedule M-3
 field in the M-3 Screen, the application calculates the difference between the cost of goods sold on Form 1125-A, line 8 and Form 8916-A, Part I, line 8(d) and enters the amount on Form 8916-A, Part I, line 7, columns (a) and (d). Enter an amount, including 0 (zero), to use a different amount for the expense per income statement for Form 8916-A, Part I, line 7, column (a). Column (d) completes based on your entry in this field.

Interest Income

Use this section to enter information to calculate the total interest income for Form 8916-A, Part II. The application transfers the total interest income from Form 8916-A, Part II to Schedule M-3, Part II, line 11.
The application automatically transfers book and tax amounts and calculates the necessary temporary and permanent difference for the following items on Form 8916-A, Part II.
  • Tax-exempt interest income
  • Other interest income
The application automatically calculates the difference between the interest income on Form 8916-A, Part II, line 6 and the total interest income reported on Schedule K, line 5 and displays the difference on Form 8916-A, Part II, line 5, columns (a) and (d). Enter an amount, including 0 (zero), to use a different amount for the income (loss) per income statement for column (a), the temporary difference for column (b), and the permanent difference for column (c) for Form 8916-A, Part II, line 5. Column (d) completes based on your entry in these fields.

Interest Expense

Use this section to enter information to calculate the total interest expense for Form 8916-A, Part III. The application transfers the total interest expense from Form 8916-A, Part III to Schedule M-3, Part III, line 27.
The application automatically transfers book and tax amounts for Other interest expense on Form 8916-A, Part III.
The application automatically calculates the difference between the interest expense on Form 8916-A, Part III, line 5 and the total interest expense reported on Form 1065 from all activities (Page 1, Farm, Farm Rental, and Rental) and displays the difference on Form 8916-A, Part III, line 4, columns (a) and (d). Enter an amount, including 0 (zero), to use a different amount for the expense per income statement for column (a), the temporary difference for column (b), and the permanent difference for column (c) for Form 8916-A, Part III, line 4. Column (d) completes based on your entry in these fields.
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