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Screen ARK1 - Arkansas Schedule K-1 Income (1065)

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Passthrough Income

Use this screen to enter and modify pass-through information used to complete Form AR1050, Partnership Income Tax Return, Page 4 and Arkansas Schedule K-1. UltraTax CS automatically transfers all applicable K1 and K1-2 screen information to this input screen. To change amounts for the Arkansas return, enter data in the applicable boxes or statements in this screen. Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes.
Net rental real estate income (loss) / … / Royalties
These statements contain all the related information entered in the federal Screen K1 screen. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. UltraTax CS displays the modified column in black and will not overwrite the new data with subsequent federal-to-state data transfers.
Other portfolio income (loss) / Other income or loss
These statements contain all the related information entered in the federal K1-2 screen. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. UltraTax CS displays the modified column in black and will not overwrite the new data with subsequent federal-to-state data transfers.

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