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Federal input screens

Shareholder Information > Minnesota 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 — Minnesota 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 calculate regular withholding for the shareholder.
Code
Description
1
Withholding (default)
.
This is the default option for nonresident shareholders when a code is not selected from the drop-down list. Select this option to indicate the shareholder is subject to regular withholding. UltraTax CS will not complete Form AWC for this shareholder.
2
Exempt from withholding
.
Select this option to indicate the shareholder is exempt from withholding. UltraTax CS will not complete Form AWC for this shareholder.
3
Alternative withholding, filing Form AWC
Select
3
 to indicate the shareholder is subject to withholding on Form AWC.
4
Composite filer
.
Select
4
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes the composite portion of Form M8 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 on the
MNKSep
 screen. UltraTax CS prints the information you enter in this statement in the Schedule KS statements.

Fields and buttons — Withholding information group box

Enter the distributive income for this shareholder. If you don't enter an amount in this field, UltraTax CS calculates the amount of distributive income to be reported on Form AWC, line 1.
Enter the tax paid or to be paid by this nonresident shareholder to be reported on Form AWC, line 3.
Enter any other tax withheld from other income for this shareholder to be reported on Form AWC, line 4.
Enter the tax to be withheld on this shareholder, if that amount is other than what is mandated by Minnesota law. If you don't enter an amount in this field, UltraTax CS calculates the amount of tax withheld on the nonresident shareholder who is not a composite filer and uses this amount on Schedule KS.
Enter the date the shareholder signed the Alternate Withholding Form.

Fields and buttons — Depreciation adjustments group box

Enter the amount of Section 168(k) depreciation addback for the indicated tax years for each shareholder.
Enter the amount of Section 179 addback for the indicated tax years for each shareholder.
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