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Screen CAInc — California Ordinary Income (1065)

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Ordinary income adjustments

Ordinary income
Ordinary income transfers from the federal
Inc
 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 modified column in black and will not overwrite 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).
Ordinary loss; enter as negative
Other ordinary losses transfer from the federal
Inc
 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 modified 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).
Taxes included in ordinary deductions
Taxes transfer from the federal Inc screen to this statement. To classify an item as a nondeductible limited partnership tax (LLC annual tax), enter the appropriate code from the following table.
Type Code
Description
Destination
D
Deductible (default)
Transfers to Form 565, Page 2, line 21 (Form 568, Page 4, Schedule B, line 21)
N
Nondeductible
Transfers to Form 565, Page 5, Schedule M-1, line 4c and Page 4, Schedule K, line 18c (Form 568, Page 6, Schedule M-1, line 4c and Page 5, Schedule K, line 18c)
If there are nondeductible taxes from rent and royalty, farm or farm rental properties, make the changes in the corresponding
CARent
,
CAF2
, or
CAFR2
 screen.
Taxes included in ordinary deductions / Ptr Alloc
If specially allocated, UltraTax CS transfers the portion of deductible taxes entered in the
CAInc
 screen as a negative amount to Schedule K, line 11b. To change the amount, enter the revised number. California taxes will need to be re-allocated if specially allocated in the federal
Inc
 screen.
Depletion, other than oil and gas / Ptr Alloc
If specially allocated, UltraTax CS transfers depletion entered in the federal
Inc
 screen as a negative amount to Schedule K, line 11b. To change the federal amount for California purposes, enter the revised number. California depletion will need to be re-allocated if specially allocated on the federal return.
Ordinary income (loss)
Select
Ptr Alloc
 to specially allocate the amount of ordinary income (loss) to partners (members) using ratios that are different from the profit / loss ratios.

Depreciation

Percentage
Enter a
Percentage
to allocate a portion of California depreciation to Schedule A. The percentage (
xxx.xxxxxx
) entered here is multiplied by all California depreciation amounts. The resulting amount prints in the statement for either Other costs or Additional section 263A costs on Schedule A depending on the code entered in
Type of cost
in this screen.
Amount
In the
Amount
box, allocate a portion of California depreciation to Schedule A. The amount entered here prints in the statement for either
Other costs
 or
Additional section 263A costs
 on Schedule A depending on the code entered in
Type of cost
in this screen.
Type of cost
The code entered here is used to determine where to place the percentage or amount of depreciation on Schedule A. Enter a code from the table that follows.
Code
Description
Destination
1
Additional section 263A costs (default)
Transfers to Form 565, Page 2, Schedule A, line 4 (Form 568, Page 4, Schedule A, line 4)
2
Other costs
Transfers to Form 565, Page 2, Schedule A, line 5 (Form 568, Page 4, Schedule A, line 5)

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