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Screen HIK1-2 - Hawaii Schedule K-1 Deductions (1065)

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Overview

Use this screen to enter pass-through information for Form N-20 and Schedule K-1. UltraTax CS automatically transfers all K1-2 screen information to this input screen. To change amounts for the Hawaii return, enter data in the boxes or statements in this input screen.
note
The information in
Name of passthrough entity
 and
Unit
 automatically transfers from the corresponding boxes in the HIK1 screen for this activity.

Deductions

Section 179 expense deduction
Enter the pass-through section 179 expense deduction. The amount entered here is added to the partnership’s total section 179 expense (subject to the section 179 expense limitation) and appears on Form N-20, Schedule K, line 13, column b.
Other deductions
UltraTax CS automatically transfers all other deductions amounts from the federal K1-2 screen to the statement. 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.

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