Screen SCComp - South Carolina Composite Return (1065)

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General Information

General footnote
Use this 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.

Income

Composite taxable income (Force)
UltraTax CS calculates the taxable income reported on the composite return based on the distributive share of income, deductions, and adjustments for those partners included in the composite filing. Enter an amount to override the calculated amount.
Composite income tax (Force)
UltraTax CS calculates the tax income based on the distributive share of taxable income for those partners included in the composite filing. Enter an amount to override the calculated amount.

Active Trade or Business Income

Ordinary business income (loss) / … / Foreign Transactions
Enter the ordinary business income (loss) amount from South Carolina active trade or business. The application uses this amount to complete Form I-335B, column C, line 1.
Section 179 deduction
Enter the amounts from South Carolina active trade or business. UltraTax CS uses these amounts to complete Form I-335B, column C.

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