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Ghosts on the ledger
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen VAKSup - Virginia Schedule K-1 Supplemental Items (1065)
Show all hidden content
Supplemental Items
Description
Enter a description of up to 1 line in the
Description
field. If more space is needed, access the related statement by using CTRL+E. The description displays in a statement attached to Schedule VK-1. In addition, if an item is specially allocated, UltraTax CS transfers the 1st 45 characters of the 1st line of the Description
field to Partner Data Entry. To display this information, select View
, Partner Information
, then Allocations
.Amount
Enter an appropriate amount. Note that this amount isn't part of the
Description
statement. Any amounts entered as text in the statement don't transfer to this field.Specially Allocate
Select
Ptr Alloc
to specially allocate an item to the partners using ratios different from the profit-sharing percentages.