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Data Sharing

Transfer shared data to Statement windows

You can use the data sharing feature to share some statement window data, but you need to take some further steps to transfer the data.
important
The preparer should diligently review all data that's shared with clients.
  1. Select
    File
    , then
    Open
     and choose the client whose data you want to update.
  2. If the
    Data Sharing - Pending Updates
     window doesn't open, select
    Utilities
    ,
    Data Sharing
    , then
    Updates
     to open it.
  3. Select
    Add Unit
     or
    Review
     to view pending updates in the
    Data Sharing — Update
     window.
  4. Select
    Accept and import new source data
     to accept the new data for the items.
    If the accepted data includes information that belongs in a statement, UltraTax CS opens that statement window with the pending information shown in blue italic.
  5. Choose how to deal with the pending information:
    • To accept pending information, select
      Done
       in the statement window.
    • To
      postpone
       the pending data, select
      X
      .
    note
    If you postpone, you can accept the data later.
    1. Go to the input screen that includes the statement.
    2. Select the red
      Statement
       button next to a pending shared amount.
    3. Select
      Accept
       next to the items you want to update, then
      OK
      .
  6. If you postpone, you can accept the date later:
    1. Go to the input screen that includes the statement.
    2. Select the red
      Statement
       button next to a pending shared amount.
    3. Select
      Accept
       next to the items you want to update, then
      OK
      .
    note
    • Shared State if Different (SID) amounts won't include any interest and dividend income amounts due to data entry requirements in the federal interest and dividend statement windows for correct state income allocation.
    • For states that include interest and dividend income in the Net/Ordinary income reported on the state K1, the amount shared for Ordinary Income will be net of interest and dividends and won't match the K1.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary,990 Exempt Organization,5500 Beneficiary Plan,706 Estate Tax,709 Gift Tax,2290 Heavy Vehicle Use Tax
  • Subject: Data sharing

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