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Screen ARAdjC - Arkansas Adjustments (1120)
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Income Adjustments
Municipal interest income
Tax-exempt interest income transfers to this statement from the federal return. To include tax exempt interest in the return, enter adjustments in the
State Amount
column of the statement. Refer to the following table for form destinations.Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100-REC, Part A, line 2 and AR1100CT, Page 1, line 13. | Form AR1100-REC, Part A, line 2 and AR1100CT, Sch A, Part A. |
note
If the corporation is filing status
2
, the state amount of tax exempt interest is transferred to Form AR100CT, Schedule A, Part A.US obligation interest income
Amounts in this statement transfer from the
US obligation interest
fields in federal Screens Inc, K1 and H. To exclude an item from the state return, delete the amount or the entire line item from the statement. The application displays the modified column in black and will not overwrite the new data with subsequent federal-to-state data transfers. Refer to the following table for form destinations.Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100-REC, Part A, line 3 and AR1100CT, Page 1, line 13. | Form AR1100-REC, Part A, line 3 and AR1100CT, Sch A, Part A |
Gross rents
Gross rents transfer to this statement from the federal return. The application assumes these amounts are taxable to Arkansas. To adjust the federal amounts, enter the adjustment in this statement. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 14. | The adjustment amount from the statement transfers to Form AR1100CT, Sch A, Part A. |
Gross royalties
Gross royalties transfer to this statement from the federal return. The application assumes these amounts are taxable to Arkansas. To adjust the federal amounts, enter the adjustment in this statement. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 14. | The adjustment amount from the statement transfers to Form AR1100CT, Sch A, Part A. |
Gains or losses
Gains or losses transfer to this statement from the federal return. The application assumes these amounts are taxable to Arkansas. To adjust the federal amounts, enter the adjustment in this statement. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 15. | The adjustment amount from the statement transfers to Form AR1100CT, Sch A, Part A. |
Other income
Other income transfers to this statement from the federal return. The application assumes these amounts are taxable to Arkansas. To adjust the federal amounts, enter the adjustment in the statement. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 16. | The adjustment amounts from the statement transfer to Form AR1100CT, Sch A, Part A. |
Deduction Adjustments
Compensation of officers and other salaries and wages
Compensation of officers and other salaries and wages transfer to this statement from the federal return. The application assumes these amounts are deductible for Arkansas. To adjust the federal amounts, enter the adjustment in this statement. To exclude an item delete the amount or delete the entire line item from the statement. The application displays the modified column in black and won't overwrite the new data with subsequent federal to state data transfers. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 18. | The adjustment amounts from the statement transfer to Form AR1100CT, Sch A, Part A. |
Interest expense
Interest expense transfers to this statement from the federal return. The application assumes these amounts are deductible for Arkansas. To adjust the federal amounts, enter the adjustment in the statement. Refer to the following table form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 23 | The adjustment amounts from the statement transfer to Form AR1100CT, Sch A, Part A. |
Depletion
Depletion transfers to this statement from the federal return. The application assumes these amounts are deductible for Arkansas. To adjust the federal amounts, enter the adjustment in the statement. Refer to the following table for form destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 26 | The adjustment amounts from the statement transfer to Form AR1100CT, Sch A, Part A. |
Other deductions
Other deductions transfer to this statement from the federal return. The application assumes these amounts are deductible for Arkansas. To adjust the federal amounts, enter the adjustment in the statement attached to this field. To exclude an item delete the amount or delete the entire line item from the statement. Refer to the following table for destinations.
Destination if Status 1 or 4 | Destination if Status 2 |
|---|---|
Form AR1100CT, Page 1, line 28. | The adjustment amounts from the statement transfer to Form AR1100CT, Sch A, Part A. |