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Screens

Screen NYGGen - New York Group Return (1065)

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Federal-to-state input screen and asset module data transfer

If information is transferred from federal input screens or from the asset module to a state input screen, the application displays the transferred data in blue.
If necessary, you can overrule the transferred amount by entering the amount in the box. The application then displays the new amount in black.
note
  • When you overrule a transferred amount, the application doesn't overwrite that amount with subsequent federal-to-state or asset module data transfers.
  • To delete the overruled amount and restore the original transferred amount, right-click the box and select Delete overrule or simply enter the original amount in the box.
  • To confirm the accuracy of the overruled amount, right-click the box and select Acknowledge overruled data. The application then turns off the acknowledge functionality from the right-click menu. To restore the original amount later, you will need to enter it manually.
  • If desired, you can set a user preference to mark boxes for which you overruled the transferred amounts and to list all overruled amounts in the Diagnostics window.

Statements

Many data entry boxes provide predefined statements in which you can enter additional information.

Accessing frequently asked questions

To view answers to common questions about calculations and data entry issues, select Help, Additional Resources, then Frequently Asked Questions.

Special allocations

Select Ptr Alloc to specially allocate items to partners using ratios that are different from the profit / loss ratios.
Amounts that are specially allocated for federal purposes need to be specially allocated for state purposes, unless you have selected the option to default state partner allocations to federal allocated amounts. When this is selected, only those state allocations that correspond to a specific federal allocation will default. To select this, enter
X
 in
Default state partner special allocations to the corresponding federal special allocation
on the federal CltOptns screen.
To mark
Default state partner special allocations to the corresponding federal special allocation
one time for all new clients, select Setup, 1065 Partnership, Federal tab, select New Client Options, and mark
Default state partner allocations to federal allocated amounts (Screen CltOptns)
 in the Return Presentation tab.

Statement special allocations

You may allocate statement items separately to partners directly in the statements. The statement items are printed separately for each partner on an item-by-item basis.

Apportionment

Apportionment information is entered in one place for all states attached to the return. To enter apportionment information for all states, select View, then Apportionment.

General Information

Amended return
If the New York Partnership return is amended and this box is blank, the group return is marked as amended.
If the state return isn't amended, but you wish to amend the group return, enter
1
. If you don't wish to amend the group return when amending the New York Partnership return, enter
2
 and the group return won't be marked as an amended return.
Final return
If the federal or state returns are final and this box is blank, the New York Group Return is marked as final.
If the federal or state returns are not final, but you wish to mark the New York Group Return as final, enter
1
. If you don't wish to mark the New York Group Return as final when the federal return is final, enter
2
.
Group agent
Enter group agent information that transfers to Forms IT-203-GR, DTF-350, and TR-99.
General footnote
Use the 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.

Deductions

Partner’s share of federal partnership deductions
The statement contains all the related information entered in the federal K-2 and K1-2 screens. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. The application displays the modified column in black and won't overwrite the new data with subsequent federal-to-state data transfers.
If
Allocating all income on the basis of separate books and records
 is blank in the NYAlloc screen, then this amount, multiplied by the apportionment factor, transfers to column F.
Amount allocated to New York State
The statement contains all the related information entered in the federal K-2 and K1-2 screens. To exclude an item from the state return, delete the amount, enter a zero, or delete the entire line item from the statement. The application displays the modified column in black and won't overwrite the new data with subsequent federal-to-state data transfers.
If
Allocating all income on the basis of separate books and records
 is marked in the NYAlloc screen, then this amount transfers to column F.

Application Information

Application
Enter
1
 to calculate a new Form TR-99. Enter
2
 to calculate a Form TR-99 reinstatement. If this box is marked, Form TR-99 prints.

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