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Screen CAK1-2 — California Form 541/565/568 Sch K-1 — Deductions (1065)

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Overview

Use this screen to enter passthrough information for Form 565 or 568 and Schedule K-1. UltraTax CS transfers all applicable
K1-2
 screen information to this input screen.
To change amounts for the California return, enter data in the applicable fields or statements in this input screen.
Amounts in the California source column are only used on Schedule K-1 and the CA Partner / Member Source Income Worksheet when Passthrough income is nonbusiness is selected on the
CAAlloc
 screen.

Deductions

Section 179 expense deduction
Enter the passthrough Section 179 expense deduction. The amount entered here is added to the partnership’s total Section 179 expense (subject to the Section 179 expense limitation) and appears on Form 565 or 568, Schedule K, line 12, column d.
Other deductions
Relevant data transfers from the federal
K1
 screen to this statement. To exclude an item from the state return, delete the amount, enter
0
 (zero), or delete the entire line item from the statement. UltraTax CS shows the changed column in black and will not replace the new data with subsequent federal-to-state data transfers. The Statements overview help topic has more information (including details on setting a user preference to mark fields for which you overruled the transferred amount).

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