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Screen PAAdj - Pennsylvania Adjustments (1120)

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Adjustments

Interest on US securities
The application transfers amounts from the
US obligation interest
 statement dialog in federal Screens Inc, K, H, and K1 to this statement. 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), refer to the Statements overview.
State tax refunds
The application transfers amounts from the
State tax refunds
 statement dialog in federal Screens Inc and H. The application assumes these amounts are not deductible in Pennsylvania. Enter adjustments to state tax refunds in the
State Amount
 column of the statement.
Tax expense
The application transfers amounts from the
Taxes and licenses
 statement dialog in federal Screens Inc and H, as well as from taxes entered in federal Screens F-2, Rent, and 4835-2 to the statement dialog attached to this field. To include taxes on Form RCT-101, to specify the type of taxes, enter a code or select from the list.
Type Code
Description
Destination
1
PA Corporation Net Income Tax
REV-860 and Form RCT-101, Page 2
2
Phil BIRT- Gross Receipts
REV-860
3
Phil BIRT - Net Income
REV-860 and Form RCT-101, Page 2
4
Income Taxes - Other States
REV-860 and Form RCT-101, Page 2
5
Payroll Taxes
REV-860
6
Real Estate Taxes
REV-860
7
Sales and Use Tax
REV-860
8
Business Privilege Tax - Other Than Income
REV-860
9
Occupancy Tax
REV-860
10
Local Income Taxes
REV-860 and Form RCT-101, Page 2
11
Local Taxes Not Based on Income
REV-860
12
Other Taxes - Not Based on Income
REV-860
13
Other Income Taxes
REV-860 and Form RCT-101, Page 2

Dividend Deduction

Federal Schedule C, line 24 / line 18 (Federal S)
Enter information in these fields if the client is a federal S Corporation filing as a Pennsylvania C Corporation. The amounts are used to complete Form REV-798, PA Dividend Deduction Schedule.

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