Screen SCK1 - South Carolina Pass-Through Income (1065)

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Overview

Use this screen to enter passthrough information used to complete Form SC-1065 and Schedule SC1065 K-1. UltraTax CS automatically transfers all applicable Screens K1 and K1-2 information to this input screen. To indicate passthrough income is nonbusiness enter
X
on Screen SCAlloc. If this field is not marked, UltraTax CS uses the partner’s federal amounts multiplied by the apportionment percentages to calculate state source income. To change amounts when allocating the South Carolina 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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