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Form K-40C print requirements
You can include any Kansas nonresident shareholder in a composite return unless they have income from a Kansas source other than the S corporation. To calculate and print Form K-40C: Kansas Composite Income Tax Schedule:
- Make sure at least one shareholder in a Kansas non-resident.
- Go to.OrganizerShareholder InformationShareholder DataShareholder Information
- Select the name and thenShareholder Information.
- Select a state other than Kansas forState of residency.
- Elect one or all nonresident shareholder to file composite. To elect all:
- Go to.OrganizerStatesKansasComposite Return Information
- Select the check box to include all eligible nonresident shareholders in the composite return.
- To select individual nonresident shareholders:
- Go to.OrganizerStatesKansasShareholder Information
- Do a full recompute.
The composite return calculates with data from Form K-120S, shareholder data, and data you enter in .
Organizer
States
Kansas
Composite Return Information
This article applies to:
- Product: ONESOURCE Income Tax
- Return type: 1120 Corporation
- State: Kansas
- Subject: Print requirements,composite