Screen CTAlloc - Connecticut Income Allocation Amounts (1065)

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Allocated Items

Use this section to allocate Net short-term capital gain (loss); Net long-term capital gain (loss), and Net gain (loss) under section 1231. Use the boxes to force allocated amounts if different from the federal amounts.

Connecticut Sourced Income from Federal Sch K

Multiple-state partnerships can use this section to complete Form CT-1065/CT-1120SI, Page 3, Part I, Schedule B, column D, if the partnership allocates income using separate books and records.
Allocating all income on the basis of separate books and records, complete CTK1 screens
Enter
X
to use amounts entered in this section for income based on separate books and records. If marked, UltraTax CS automatically allocates rentals and royalties based on the state code entered in the corresponding federal input screens and uses the amounts in this section to complete Form CT-1065/CT-1120SI, Page 6, Part IV.
If this box is not marked, except for real estate rentals, UltraTax CS uses the federal partner amounts multiplied by apportionment percentage to complete Part IV on Form CT-1065/CT-1120SI, Page 6.
Ordinary income (loss) / … / Section 179 expense deduction
If
Allocating all income on the basis of separate books and records
is marked, the related boxes on Form CT-1065/CT-1120SI, Page 3, Part I, Schedule B, column D calculates using the amounts in these boxes.
Interest income / … / Other deductions
If
Allocating all income on the basis of separate books and records
is marked, the related boxes on Form CT-1065/CT-1120SI, Page 3, Part I, Schedule B, column D will calculate and display using the amounts and descriptions in these statement boxes.
The statements contain all the related information entered in the federal K, K-2, and K-4 screens. 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 doesn't overwrite the new data with subsequent federal-to-state data transfers.

Other Passthrough Items

Use this section to allocate certain passthrough amounts in Columns B and F of the Partner Sourced Income Worksheet.

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