Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Federal input screens

Shareholder Information > Hawaii 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 — Hawaii 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 for the shareholder.
Code
Description
1
Withholding (default)
This is the default filing for nonresident shareholder when a code is not selected from the dropdown list. Select this option to indicate the shareholder is subject to withholding on Form N-4.
2
Nonresident tax agreement required
Select this option to indicate the shareholder is exempt from withholding and an affidavit is required for the nonresident shareholder. UltraTax CS completes Schedule NS.
3
Nonresident tax agreement on file
Select
3
 to indicate the shareholder is exempt from withholding and an affidavit is already on file. UltraTax CS does not complete Schedule NS for this shareholder.
4
Revoked nonresident tax agreement in current year
Select
4
 if Schedule NS was revoked. UltraTax CS completes the appropriate column of Form N-35, Schedule N.
5
Composite filer and nonresident tax agreement required
Select
5
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form N-15 and Schedule NS for participating nonresident shareholders.
6
Composite filer and nonresident tax agreement on file
Select
6
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder and Schedule NS is already on file. UltraTax CS completes Form N-15 for participating nonresident shareholders.
Enter the number of shares owned at all times to override the value used for federal purposes. UltraTax CS uses this amount to report the number of shares owned at all times during the year on Hawaii Form N-35 Schedule N, Page 4.
Enter the year Schedule NS was filed. UltraTax CS completes the appropriate column of Form N-35, Schedule N.
If the amount of the Hawaii property distributions is not in proportion to the shareholders' ownership percentages, enter the amount of Hawaii property distributions (other than dividend distributions). If you leave this field blank, UltraTax CS defaults to the Hawaii amount of total property distributions multiplied by the shareholder percentage. The value of this field transfers to Schedule K-1, column (b) for Hawaii. UltraTax CS calculates the amount attributable elsewhere for column (c). If you enter information here, you'll need to enter the property distributions for all shareholders on this tab.
Use this statement for supplemental information specific to each shareholder and for items that are not pro-rata. If you have pro-rata items that need to be reported to each shareholder, use the HIKSep screen. UltraTax CS prints the information you enter in this statement on Hawaii's Schedule K-1 if there's space. Otherwise, it prints on a supporting statement.

Fields and buttons — Composite return group box

Enter Hawaii-specific composite shareholder information.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close