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Screen CAAlloc — California Allocated Amounts (1065)
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Allocated Items
Rental real estate activities are nonbusiness
Mark this checkbox to indicate that rental real estate activities are nonbusiness. UltraTax CS allocates farm rentals and real estate rentals on Schedule R, Schedule R-3, and Schedule K-1 based on the state ZIP Code entered in the CA4835 and CARent screens. If this checkbox is cleared, UltraTax CS uses the total amounts subject to California law multiplied by the apportionment percentage to calculate the state source income.
Other rental activities are nonbusiness
Mark this checkbox to indicate that other rental activities are nonbusiness. UltraTax CS allocates other rentals on Schedule R, Schedule R-3, and Schedule K-1 based on the state ZIP Code entered in the
CARent
screen. If this checkbox is cleared, UltraTax CS uses the total amounts subject to California law multiplied by the apportionment percentage to calculate the state source income.Royalty activities are nonbusiness
Mark this checkbox to indicate that royalty activities are nonbusiness. UltraTax CS allocates royalties on Schedule R and Schedule K-1 based on the state ZIP Code entered in the
CARent
screen. If this checkbox is cleared, UltraTax CS uses the total amounts subject to California law multiplied by the apportionment percentage to calculate the state source income.Passthrough income is nonbusiness
Mark this checkbox to indicate that passthrough activities are nonbusiness. UltraTax CS uses the information entered on the
CAK1
, CAK1-2
, and CAK1-4
screens to allocate passthrough income on Schedule R and Schedule K-1. If this checkbox cleared, UltraTax CS uses the partner’s amounts subject to California law multiplied by the apportionment percentage to calculate state source income.Nonbusiness Income from Schedule K
Use this section to calculate nonbusiness income that was entered on the
CAK
screen. Don't include amounts received from other passthrough entities. Enter passthrough amounts in theCAK1
screen.Guaranteed payments
Enter the total nonbusiness guaranteed payments in the
Everywhere
column. UltraTax CS subtracts this amount from the total amount subject to California law before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS adds this amount to the apportioned business amount and displays the totals on Schedule K-1 and the CA Partner / Member Source Income Worksheet.Interest income
Enter the total nonbusiness interest income in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 3, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R, line 19b, and adds this amount to the apportioned business amount. The partner amount from the California
column only displays on Schedule K-1, Page 4, Table 1.Dividends
Enter the total nonbusiness dividends in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 2, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R, line 19a, and adds this amount to the apportioned business amount. The partner amount from the California
column only displays on Schedule K-1, Page 4, Table 1.Royalty income from intangibles
Enter the total nonbusiness royalty income from intangibles in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 5, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the Total Within California
column. UltraTax CS shows this amount on Schedule R, line 21, and adds this amount to the apportioned business amount. The partner amount from the California
column only displays on Schedule K-1, Page 4, Table 1.Royalty income from tangibles
Enter the total nonbusiness royalty income from tangibles in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 5, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS displays this amount on Schedule R, line 21, and adds this amount to the apportioned business amount. The partner amount from the California
column only displays on the CA Partner / Member Source Income Worksheet.Other portfolio income from intangibles
Enter the total nonbusiness other portfolio income from intangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds this amount to the apportioned business amount. The partner amount from the California
column only shows on Schedule K-1, Page 4, Table 1.Other portfolio income from tangibles
Enter the total nonbusiness other portfolio income from tangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds this amount to the apportioned business amount. The partner amount from the California
column only shows on the CA Partner / Member Source Income Worksheet.Total other income from intangibles
Enter the total nonbusiness other income from intangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds this amount to the apportioned business amount. The partner amount from California
column only displays on Schedule K-1, Page 4, Table 1.Total other income from tangibles
Enter the total nonbusiness other income from tangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds this amount to the apportioned business amount. The partner amount from the California
column only displays on the CA Partner / Member Source Income Worksheet.Total other loss from intangibles; enter as negative
Enter the total nonbusiness other loss from intangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and adds back the loss amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness loss amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds back the amount of the California loss to the apportioned business amount. The partner amount from the California
column only displays on Schedule K-1, Page 4, Table 1.Total other loss from tangibles; enter as negative
Enter the total nonbusiness other loss from tangibles in the
Everywhere
column. UltraTax CS includes this amount on Schedule R, line 8, and adds back the loss amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness loss amount in the California
column. UltraTax CS includes this amount on Schedule R, line 24, and adds back the amount of the California loss to the apportioned business amount. The partner amount from California
column only displays on the CA Partner / Member Source Income Worksheet.Sale of Nonbusiness Assets
Short-term capital gains (losses) from tangible assets
Enter the nonbusiness total short-term capital gains (losses) from tangible assets in the
Everywhere
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on the CA Partner / Member Source Income Worksheet and Schedule K-1, Page 4, Table 2, for unitary partners.Short-term capital gains (losses) from intangible assets
Enter the total nonbusiness short-term capital gains (losses) from intangible assets in the
Everywhere
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on Schedule K-1, Page 4, Table 1 and the CA Partner / Member Source Income Worksheet.Short-term cap gain (loss) from interest in ptrship or LLC
Enter the total nonbusiness short-term capital gains (losses) from interest in a partnership or LLC in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 7, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R, line 23, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on Schedule K-1, Page 4, Table 1 and the CA Partner / Member Source Income Worksheet.Long-term capital gains (losses) from tangible assets
Enter the total nonbusiness long-term capital gains (losses) from tangible assets in the
Everywhere
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on the CA Partner / Member Source Income Worksheet and Schedule K-1, Page 4, Table 2, for unitary partners.Long-term capital gains (losses) from intangible assets
Enter the total nonbusiness long-term capital gains (losses) from intangible assets in the
Everywhere
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on Schedule K-1, Page 4, Table 1 and the CA Partner / Member Source Income Worksheet.Long-term cap gain (loss) from interest in a ptrship or LLC
Enter the total nonbusiness long-term capital gains (losses) from interest in a partnership or LLC in the
Everywhere
column. UltraTax CS shows this amount on Schedule R, line 7, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R, line 23, and adds this amount to the apportioned business amount. The partner amount from the California
column shows on Schedule K-1, Page 4, Table 1 and the CA Partner / Member Source Income Worksheet.Section 1231 gains from tangible assets
Enter the total nonbusiness section 1231 gains from tangible assets in the
Everywhere
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column displays on the CA Partner/Member Source Income Worksheet and Schedule K-1, Page 4, Table 2, for unitary partners.Section 1231 gains from intangible assets
Enter the total nonbusiness section 1231 gains from intangible assets in the
Everywhere
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and subtracts the amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 22, and adds this amount to the apportioned business amount. The partner amount from the California
column shows on Schedule K-1, Page 4, Table 1 and the CA Partner / Member Source Income Worksheet.Section 1231 losses from tangible assets; enter as negative
Enter the total nonbusiness section 1231 losses from tangible assets in the
Everywhere
column as a negative amount. UltraTax CS shows this amount on Schedule R-4 and Schedule R, line 6, and adds back the amount of the loss from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 22, and adds back the amount of the California loss to the apportioned business amount. The partner amount from the California
column displays on the CA Partner / Member Source Income Worksheet and Schedule K-1, Page 4, Table 2, for unitary partners.Section 1231 losses from intangible assets; enter as negative
Enter the total nonbusiness section 1231 losses from intangible assets in the
Everywhere
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 6, and adds back the total loss amount from all income before multiplying by the apportionment percentage. Enter the California nonbusiness amount in the California
column. UltraTax CS displays this amount on Schedule R-4 and Schedule R, line 22, and adds back the California loss amount to the apportioned business amount. The partner amount from the California
column displays on Schedule K-1, Page 4, Table 1 and the CA Partner/Member Source Income Worksheet.