Screen TXAdjA - Texas Franchise Tax - Affiliate Adjustments (1120)

Revenue

Unit 1 of this screen completes with information for the reporting entity from information you enter in the TXGen screen or elsewhere in the return. Subsequent units for the affiliate entities of the unitary group may be completed by data sharing or by manual data entry.

Cost of Goods Sold

Use this section to enter cost of goods sold for Form 05-158-A.

Compensation

Use this section to enter compensation for Form 05-158-A.

Apportionment and Allowable Deductions

Use this section to enter allowable deductions for Form 05-158-B.
If you enter an amount, it displays on Form 05-158-B, line 25, Gross receipts everywhere. Or, if you enter
X
in the
Entity is a health care provider…
field on TXGen, the amount from Form 05-158-B, line 24, Gross receipts in Texas, displays on line 25. Or, the amount from Form 05-158-A, line 10, Total revenue, displays on Form 05-158-B, line 25.
Enter the amount of Texas gross receipts subject to throwback provisions in other states.
Enter the amount of allowable deductions to be taken against apportioned margin. Allowable deductions do not transfer from the federal screens.

Cost of Goods Sold Depreciation Adjustment

Uses this section to report the difference between the federal entries and the Texas gain/loss on a cost of goods sold asset on Form 05-158-A, line 11.
For a cost of goods sold asset disposed of in the current year, the difference between the federal and Texas gain or loss adds to the items in the
Cost of goods sold
statement on the TXAdj or TXAdjA screen. Form 05-158-A includes this amount. Use the
Force
field to override the calculated amount. If
0
is entered, no adjustment is made.
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