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Federal input screens

Shareholder Information > Iowa 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 — Iowa 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 filing an individual income tax return for the shareholder.
Code
Description
1
Individual return filer (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 filing an individual income tax return.
2
Composite filer
.
Select
2
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form IA PTE-C for participating nonresident shareholders.
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 Section A in the
IAKSep
 screen. UltraTax CS prints the information you enter in this statement in the Iowa Schedule K-1 statements.
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