Screen HID - Hawaii Capital Gain or Loss (1065)

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Capital Gains and Losses

Detail
UltraTax CS automatically transfers detail for the description, date acquired, date sold, proceeds, and basis from the federal D screen to these statements. 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 won't overwrite the new data with subsequent federal-to-state data transfers.
UltraTax CS determines long-term or short-term status of an asset based on the dates entered in
Date Acquired
and
Date Sold
in the statement. If the date boxes are blank, UltraTax CS defaults to short-term. To force the sale as either short-term or long-term or section 1202 gains, enter a force code to override the information.
Capital gain distributions
Enter the capital gains distributions if the Hawaii amount is different from the amount entered in the federal D screen. The amount entered here appears on Hawaii Schedule D, line 12.
Qualified small business stock (section 1202) distributions
Enter the qualified small business stock if the Hawaii amount is different from the amount entered in the federal D screen. The amount entered here is deducted from Form N-20, Schedule K, line 9, column b, Net long-term capital gain (loss) and is added to Form N-20, Schedule K, line 11, column b, Other income (loss). See the HIK screen to enter special allocations to each partner.
Force printing of Schedule D information
Enter
X
to force the printing of Schedule D information when both short-term and long-term capital gains have been allocated directly to the partners.

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