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Shareholder Information > California tab

Use the state tabs in the
Shareholder Information
 window to enter state-specific information for shareholders. State tabs appear only if you've added states to the return.
To update a shareholder's state-specific information, select that shareholder in the
Shareholder Information
 window, then the state tab.

Fields and buttons — California information group box

If the shareholder is a nonresident, enter a code from the following table or select the code from the dropdown list to indicate the type of nonresident filing to be made by the shareholder. If the shareholder is a nonresident, UltraTax CS defaults to:
  • Calculating withholding on Form 592-B for the shareholder if the
    592 Withholding
     checkbox is marked on the
    California
     tab, which you can open by going to
    File
    , then
    Client Properties
    .
  • Calculating Form 540NR if the
    540NR Composite
     checkbox is marked.
Code
Description
1
Withholding (default)
.
This is the default filing for nonresident shareholder when a code is not selected from the dropdown list. Select
1
 option to indicate the shareholder is subject to withholding on Form 592-B.
2
Composite and withholding
.
Select this option to indicate the corporation is filing both group nonresident and withholding returns on behalf of the nonresident shareholder. UltraTax CS completes Forms 540NR and 592-B for participating nonresident shareholders.
3
Composite filer
.
Select this option to indicate the corporation is filing a group nonresident return on behalf of the nonresident shareholder. UltraTax CS completes Form 540NR for participating nonresident shareholders.
4
Exempt from withholding
.
Select this option to indicate the shareholder is exempt from withholding and is not included in the composite return.
Mark this checkbox if the shareholder is a Single Member Limited Liability Company. If you mark this checkbox, UltraTax CS marks the corresponding checkbox on Schedule K-1 for this shareholder.
Mark this checkbox if the shareholder is a unitary shareholder. If you mark this checkbox, UltraTax CS calculates the Schedule K-1, Table 2 business and nonbusiness lines for this shareholder.
If the amount of California property distributions is not in proportion to the shareholders' ownership percentages, enter the amount of California property distributions (other than dividend distributions) in this field. If you leave this field blank, UltraTax CS defaults to the amount entered in the
CAMs
 screen, multiplied by the shareholder percentage, but limited to the distributions reported on Schedule M-2. The value in this field is transferred to California's Schedule K-1, line 16d, column (d). UltraTax CS calculates the California amount for column (c).
Use this statement for other information specific to each shareholder and corresponds to California's Schedule K-1, line 17, column d.
Use this statement only for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use the
CAKSep
 screen.
If the California withholding is not in proportion to the shareholder's ownership percentages for nonresident shareholders' property distributions, enter the amount of California withholding in this field. If you leave this field blank, UltraTax CS defaults to the sum of the withholding entered in the
CAK
 screen, multiplied by the shareholder percentage. UltraTax CS reports this amount, together with the withholding entered in the
CAK1-3
 screen multiplied by the shareholder percentage, on California Schedule K-1, line 14, columns d and e.

Fields and buttons — Composite return group box

Mark this checkbox if the shareholder is included in 2 or more composite group returns and has combined California taxable income over $1 million from all their composite returns. UltraTax CS uses this information to calculate the additional 1% mental health tax on the entire California taxable income on Form 540NR, Other Taxes section. The CA FTB Publication 1067 has more details.
Enter the spouse's/RDP's name and Social Security number. UltraTax CS transfers this information to Schedule 1067A, Nonresident Group Return Schedule, Part I.

Fields and buttons — Shareholder basis group box

Select Shareholder basis to enter California shareholder basis information.
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