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Screen MOAdj - Missouri Adjustments (1065)

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Additions

State and local income taxes / Kansas City and St. Louis earnings taxes
UltraTax CS transfers tax amounts entered in federal Screen Inc to the statement of these fields. Use the class codes listed in the fieldview and in the following table to classify federal tax amounts as state and local income taxes or Kansas City or St. Louis earnings taxes. 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 does not overwrite the new data with subsequent federal-to-state data transfers.
State and local bond interest except Missouri
UltraTax CS transfers tax-exempt interest income amounts entered in the federal K1-5 and K-4 Screens 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 does not overwrite the new data with subsequent federal-to-state data transfers.

Subtractions

Other adjustments to ordinary income
UltraTax CS transfers the amount of federal expenses that were reduced or income increased due to federal credits to this statement. These include the Employer Differential Wage Payments, Increasing Research Activities, Disabled Access, Work Opportunity, Orphan Drug, Small Employer Pension, Employer Provided Child Care, Health Insurance Premiums, and Employer Family and Medical Leave credits. 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 does not overwrite the new data with subsequent federal-to-state data transfers.

Disposal of Property with Section 179 Expense in Prior Year

Gain / loss reported separately from federal Sch K, Line 20c
The IRS requires partnerships to separately report the disposition of assets where Section 179 expense was claimed in a prior year. These dispositions are no longer reported on Forms 4797 and 8824, but instead are reported on federal Schedule K, line 20c. This amount is calculated from information entered in the federal 8824PT, SalePT, and K1Sale Screens.
This amount is included on Form MO-NRP, Part 1, line 10, columns b and e; Form MO-1040; the Composite Partner Schedule; Form RD-108; RD-108 Schedule K-1; Form E-234; and E-234 Schedule K-1. A nonsubmittable statement prints detailing this amount on Form MO-NRP. Use the
Force
 field to override the calculated amount.
Section 179 included in gain / loss
This field contains the total Section 179 expense deduction that was originally claimed on the assets sold during the tax year. This amount is provided for reference purposes only.

Nonresident Individual Partner Withholding Information

Missouri withholding (Force)
UltraTax CS automatically calculates the total Missouri withholding based on six percent of the total nonresident partners’ shares of partnership income. Enter a different amount if actual Missouri withholding is not calculated this way. Select the
Ptr Alloc
button to allocate this amount to the nonresident partners.

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