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Screen HIGen - Hawaii Partnership Return (1065)

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General Information

Initial return
Enter
X
to indicate that the return is initial. UltraTax CS assumes that the state return is initial if the federal return is marked as initial.
Final return
If the federal return is final and this box is blank, the Hawaii return and Hawaii Schedule K-1s are marked as final. If the federal return isn't final, but you wish to mark the Hawaii return as final, enter
1
. If you don't wish to mark the Hawaii return as final when the federal return is final, enter
2
.
Department of Taxation may discuss return with preparer
Use this box to change the option indicated in the federal 1065 screen. Enter
1
 for Yes or
2
 for No. UltraTax CS marks this checkbox on Form N-20.
Extended due date
If you printed an extension by selecting File, then Print Extensions, the extended due date automatically appears in this box. Otherwise, enter the date that is to be used as the extended due date in the filing instructions.
General footnote
Use this statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote appears as a separate item in each collation.

Partners' Capital Accounts

Capital account - beginning of year
UltraTax CS automatically transfers the amount of prior year ending capital to Schedule K-1, line G, column (a). Allocate the current year’s beginning capital on an absolute dollar basis to the partners by selecting Ptr Alloc.
Income not included in column C and nontaxable income
UltraTax CS automatically calculates the amounts for Schedule K-1, line G, column (d). Information already calculated includes federal tax-exempt income and other M1M2 adjustments. Use this box to include additional items in the calculation.
Losses not included in column C and unallowable deductions
UltraTax CS automatically calculates the amounts for Schedule K-1, line G, column (e). Information already calculated includes federal nondeductible expenses and other M1M2 adjustments. Use this box to include additional items in the calculation.

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