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Federal input screens

Shareholder Information > Indiana 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.

Indiana information

Enter the amount of passive activity loss adjustment for the individual shareholder. If you enter a positive adjustment, Schedule IN K-1, Other income, increases. If you enter a negative adjustment, Schedule IN K-1, Other income, decreases.
Use this statement for supplemental information specific to each shareholder and for items that are not pro-rata. If you have pro-rata items you need to report to each shareholder, use Section A in the
INKSep
 screen. UltraTax CS prints the information you enter in this statement window in the Schedule IN K-1 statements.

Pass-through entity tax information

If the shareholder is a bank or trust company, and exempt from inclusion in the pass-through entity filing, select code
2
 from this dropdown.
If the pass-through entity tax paid by another entity shouldn't distribute to each shareholder based on their overall percentage of ownership, use this field to enter the credit for each shareholder.

Withholding information

Exception reason
: If the shareholder is a nonresident and exempt from state withholding tax, enter a code from the following table or select the code from the dropdown to exclude the shareholder from state withholding tax calculations.
Code
Description
01
Approved alternative arrangement
Select 01 to indicate the nonresident is exempt from state withholding tax and to display code 01 on Schedule Composite when necessary. This code won't generate a Schedule IN-COMPA for the shareholder.
02
Credit used to offset composite tax
Select 02 to indicate the nonresident is exempt from state withholding tax and to display code 02 on Schedule Composite when necessary. This code won't generate a Schedule IN-COMPA for the shareholder.
03
Employee stock option plan
Select 03 to indicate the nonresident is exempt from state withholding tax and to display code 03 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
04
Income offset by previously disallowed deductions
Select 04 to indicate the nonresident is exempt from state withholding tax and to display code 04 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
09
Treaty-based exclusion
Select 09 to indicate the nonresident is exempt from state withholding tax and to display code 09 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
10
Passive activity losses
Select 10 to indicate the nonresident is exempt from state withholding tax and to display code 10 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
11
Net operating losses
Select 11 to indicate the nonresident is exempt from state withholding tax and to display code 11 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
12
Credits from other sources
Select 12 to indicate the nonresident is exempt from state withholding tax and to display code 12 on Schedule Composite when necessary. This code will generate a Schedule IN-COMPA for the shareholder. Use the fields following to enter required information to complete Schedule IN-COMPA.
14
Entity has multiple tiers
Select 14 to indicate the nonresident is exempt from state withholding tax and to display code 14 on Schedule Composite when necessary. This code won't generate a Schedule IN-COMPA for the shareholder.
Enter the amount of state income tax the corporation withheld for each nonresident shareholder if you would like to override the amount automatically calculated by UltraTax CS.
Enter the income attributable to each nonresident shareholder subject to county tax.
Enter the amount of county income tax the corporation withheld for each nonresident shareholder if you would like to override the amount calculated by UltraTax CS.
Enter the county used to calculate the county income tax withheld for each nonresident shareholder. If you leave this field blank, UltraTax CS defaults to the county indicated on Form IT-20S.
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