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Screen MSK - Mississippi Shareholders' Pro Rata Share Items (1120)

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Schedule K Adjustments

Charitable contributions
Enter charitable contributions in the statement. The federal information in this statement transfers from Form 1120S, Schedule K. To exclude an item from the state return, delete the amount or the entire line item from the statement. The modified column displays in black and the new data will not be overwritten with subsequent federal-to-state data transfers.
Other deductions
Enter other deductions in the statement attached to this field. The federal information in this statement transfers from Form 1120S, Schedule K. To exclude an item from the state return, delete the amount or the entire line item from the statement. The modified column displays in black and the new data will not be overwritten with subsequent federal-to-state data transfers.
Form 4684, line 38a (Force) / … / Section 1231 casualty or theft (Force)
Enter the Mississippi amount if different than the federal. This information is used to complete Forms 84-131 and 84-132.
note
Note: If you are forcing Form 4684 amounts, enter the forced amount for each relevant Form 4684 item.

Schedule K-1 Additional Information

Tax-exempt income and nondeductible expenses
Enter tax exempt income and nondeductible expenses in the statement. The federal information in this statement transfers from Form 1120S, Schedule K. To exclude an item from the state return, delete the amount or the entire line item from the statement. The modified column displays in black and the new data will not be overwritten with subsequent federal-to-state data transfers.
Exclude federal look-back interest from Mississippi K-1
Mississippi reports federal look-back interest as an informational item on the Mississippi K-1. Enter
X
 to exclude federal look-back interest amounts from being reported on the Mississippi K-1 as other information.

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