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Screen VTGen - Vermont Partnership Return (1065)

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Overview

Use this screen to complete Form BI-471, Business Income Tax Return or Form BI-476, Business Income Tax Return for Residents Only. If information transferred from UltraTax/1065 doesn't require additional data or coding, UltraTax/1065-VT displays it on the form only, not in the input screen.

General Information

Force Form BI-471 to print
UltraTax CS prints Form BI-476 when all partners are residence of Vermont and all income was earned in the state of Vermont. Mark this option to use Form BI-471.
Amended return
If the federal return is amended or superseded and this field is blank, the Vermont return and Vermont shareholder, partner, or member information is also marked as amended. If the federal return isn't amended or superseded, but you want to amend the Vermont return, enter
1
. If you don't want to amend the Vermont return when amending or superseding the federal return, enter
2
 and the Vermont return isn't marked as amended.
Final return
If the federal return is final and this field is blank, the Vermont return and Schedule K-1VT are also marked as final. If the federal return isn't final, but you want to mark the Vermont return as final, enter
1
. If you don't want to mark the Vermont return as final when the federal return is final, enter
2
.
General footnote
Use this statement to enter any miscellaneous information that needs to be conveyed with the return. The general footnote displays as a separate item in each collation.

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