Screen MOK1 - Missouri Schedule K-1 Income (1065)

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Overview

Use this screen to enter additions, subtractions, and income from Missouri Schedules K-1 received from other partnerships, estates, or trusts where the current partnership is a partner or beneficiary. UltraTax CS automatically transfers all applicable K1 and K1-2 Screens information to this input screen. To indicate passthrough income is nonbusiness, enter
X
on the MOAlloc Screen. If this field is not marked, UltraTax CS uses the partner’s federal amounts multiplied by the apportionment percentage to calculate state source income. To change amounts when allocating the Missouri return, enter data in the applicable fields in this screen. Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes.

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