Screen CTAdjC - Connecticut Adjustments (1120)

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Tax Base, Taxes and Additional Info

Use this section to complete Form CT-1120, Page 3.
Surplus reserves
The application transfers the federal capital stock, additional - paid-in capital, retained earnings - appropriated, and retained earnings - unappropriated amounts in the federal L-2 screen to the Connecticut forms.
Taxes
Items in the statement are transferred from the federal return. Enter a code from the following table, or select one from the drop-down list. 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. For more information, (including details on setting a user preference to mark fields for which you overruled the transferred amount), see Statements overview.
Class Code
Description
Destination
CT
Connecticut income tax
Schedule F, line 6
GT
Other taxes (default)
Schedule F, line 5
P1
Payroll taxes
Schedule F, line 1
PT
Personal property taxes
Schedule F, line 3
ST
Other state income taxes
Schedule F, line 7
TR
Real property taxes
Schedule F, line 2
UT
Sales and use taxes
Schedule F, line 4
Officer information
The application transfers the officer information entered in the federal Inc screen to this statement.

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