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Federal input screens

Shareholder Information > Ohio 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 — Ohio 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 IT 1140 for the shareholder.
Code
Description
1
Withholding (default)
This is the default filing for a nonresident shareholder when a code is not selected from the dropdown list. Select
1
 to indicate the shareholder is subject to withholding on Form IT 1140. UltraTax CS completes Form IT 1140, column I when you select
Individual
for the
Entity
on the
Other Info
 tab. UltraTax CS completes column II for all other entity types.
2
Composite filer
Select
2
 to indicate the corporation is filing a composite return on behalf of the nonresident shareholder. UltraTax CS completes Form IT 4708 for participating nonresident shareholders.
3
Exempt from withholding
Select
3
 to indicate the shareholder is exempt from withholding and not filing Form IT 1140 or Form IT 4708.
Enter
1
 to indicate the shareholder is a qualifying investor or composite filer owning at least 20 percent of the corporation. UltraTax CS uses this information to calculate the amount of taxable income on Form IT 1140 or IT 4708.
UltraTax CS uses this amount to calculate the taxable income on Form IT 1140 Schedule B or Form IT 4708 Schedule II.
This amount does not reduce the
Within Ohio
 and
Total Everywhere
 payroll factors on Form IT 1140 Schedule C or IT 4708 Schedule IV. To reduce the
Within Ohio
 and
Total Everywhere
 payroll factors, go to
View
,
Apportionment
, then the
Ohio
 tab to enter the compensation paid to qualifying investors.
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
OHKSep
 screen. UltraTax CS prints the information you enter in this statement in the Shareholder Worksheet statements.

Fields and buttons — Depreciation adjustments group box

Enter the amount of Section 168(k) depreciation addback for the indicated tax years. UltraTax CS uses these amounts to calculate the depreciation adjustment on Forms IT 1140 and IT 4708. UltraTax CS proformas these amounts to next year.
Enter the amount of Section 179 depreciation addback for the indicated tax years. UltraTax CS uses these amounts to calculate the depreciation adjustment on Forms IT 1140 and IT 4708. UltraTax CS proformas these amounts to next year.
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