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Federal input screens

Screen K1T - Schedule K-1, 1041 (1040)

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Unit
This field defaults to the next available number. You can override this number, but you cannot leave the field blank. The business unit activity uses this information to gather and coordinate information. For example, these fields enable information (such as income or loss, sales, credits, and asset detail) to be linked for the at-risk and passive calculations.
State
If you are processing a state return, enter the two-character postal code for the state to which this unit belongs. The various state applications use this code to help determine in-state and out-of-state amounts.
note
A postal code entry is required for proper state processing.
Grantor trust
Enter
X
 if the entity is a grantor trust.
note
  • For New Jersey, income will not be considered trust income, but it will be allocated to the appropriate state income category.
  • For Pennsylvania, income will not be considered trust income if the revocable trust field is marked on the state input screen. Instead, the income will be allocated to the appropriate state income category.
Trade or business to which net investment income tax (NIIT) applies
All income from an estate or trust is assumed to be included in net investment income for Form 8960 when the K1T-3 screen field
Passive activity code
 is
1
 or
2
.
Enter a code here to assign the net investment income treatment for this activity, if it is different from the default treatment. All income from the activity is treated based on this code, regardless of the passive and nonpassive designations reported on Schedule E.
note
Net investment income will not exclude portfolio income, regardless of the activity code.
State calculation - use state income as limited on Schedule E, page 2
Enter
X
 to use state income as limited by federal limitations on Schedule E, page 2. Basis, at-risk, and passive losses adjust state amounts by federal limitations. When this field is blank, associated state amounts transfer as entered in the
State, if different
 fields to the applicable state's AGI worksheet without any adjustments for federal limitations. The data entry in this field proformas from year to year.
City code/name
Enter the three-character city code for the city in which the activity is located. The various city tax applications use this code to aid in determining in-city and out-of-city income. After you select a city code, the
City name
 is filled automatically field.
Disposition of activity
Enter
1
 for a complete disposition of the activity. Prior-year suspended passive losses are released and the activity, plus any other related input screens, will be deleted during next year's proforma process. If the activity has any passive activity credit carryforwards, it will proforma to keep the passive credits available to use against other passive income per Form 8582-CR instructions.
Enter
2
 if this is a passive activity that was sold on an installment basis. Installment dispositions are treated as follows.
  • Any allowed losses for the current tax year are calculated by multiplying the overall loss by the ratio of current-year gain recognized, divided by unrecognized gain as of the beginning of the tax year. Losses in excess of the allowed amount are suspended and proforma'd to the following tax year.
  • When the gain recognized in the current year exceeds all of the current and carryforward losses, all losses are allowed in the current year. Also, data from any other related input screens will be deleted during next year's proforma process. Any activity that is coded
    2
     with no passive-loss carryovers, plus any other related input screens, will be deleted during next year's proforma process.
note
Installment sales for activities that are deleted during the proforma process continue to be proforma'd to the InstPY screen in the Personal Sale folder.
State, if different allocation
To access the State allocation spreadsheet, the current client must meet the following conditions.
  • The client being processed must include at least one state return.
  • You must be viewing Client Organizer Data Entry or Input Screen Data Entry.
  • For the K1, K1-2, K1-3, K1-4, K1-5, K1-6, K1-7, PBasis1, PBasis2, SBasis1, SBasis2, K1T, and K1T-2 screens, the
    Name of entity
     field must contain data.
When these conditions have been met, select the Allocation icon to access the spreadsheet.
Use either of the following methods to allocate federal amounts to the applicable states displayed in the State allocation spreadsheet.
  • Percentage:
     Enter a percentage in XXX.XX format in the first field available in the State allocation spreadsheet. Select the state to which this percentage applies, and select the Apply button. The amounts attributable to that state are calculated automatically and the amounts are displayed in the spreadsheet. The percentage for that particular state appears below the state name for easy reference. If enabled, you can change (overwrite) individual item amounts on the spreadsheet from the amount the calculated amount.
  • Amount:
     In cases where a percentage of the federal amounts do not apply, enter individual item amounts, if enabled, in the spreadsheet for the applicable state. Zero (0) is a valid entry and will prevent the state amount from defaulting to the federal calculated amount. If an individual item amount field is blank, the federal amount, if present, will be used in the state's calculation.
note
  • Amount fields applicable to one state may not be applicable to another state. If an amount field is disabled (shaded), it does noy apply to the particular state. If an amount field is not shaded, it is considered enabled for the applicable state.
  • Percentage allocation is available only in the State allocation spreadsheet. You must enter state amounts, if different, in the
    State, if different
     fields provided.
You can print the State allocation spreadsheet in a report format for future reference. Select the Print or Preview button in the lower portion of the spreadsheet. If licensed, you can also print to FileCabinet CS.
Exporting and importing allocation information to and from Excel
You can use the state allocation spreadsheet in the K1 and K1T screens to quickly and efficiently export and import allocation information to and from UltraTax CS and a Microsoft Excel workbook.
Interest
If the client does not have any special types of interest income, enter the interest amount in the input screen, and not in the attached statement. Otherwise, use the attached statement to classify the interest income using the same codes as found in the
Interest income
 statement in the B&D screen. Any amount entered in the input screen is treated as fully taxable. The information entered in the attached statement affects the calculation of the client's federal and state tax returns as follows.
  • F/S:
     Use this field only if you are preparing multiple-state tax returns. For multiple-state returns, make duplicate line entries of an interest item for each state as necessary, with a different postal code for each entry. Enter
    S
     for all but one of your duplicate line entries. The federal application disregards entries coded
    S
    .
  • State processing:
     Enter a percentage in the
    US Ob ($ or %)
     field to indicate the portion, if any, that is attributable to U.S. government obligations (nontaxable to the state).
Municipal and Other Tax-Exempt Interest:
Enter the total tax-exempt interest (including interest income attributable to private activity bonds issued after 8/7/86) in the
Tax Exempt Amount
 field in the statement. This information transfers to the Tax-exempt interest line on Form 1040, Page 1. If a portion of the tax-exempt income is attributable to private activity bonds issued after 8/7/86, you must also enter that portion in the
AMT Int Income (PAB)
 field in the statement. Amounts in this field will be used for only Form 6251, Alternative Minimum Tax, calculations and will transfer to the appropriate line of Form 6251.
  • State processing:
     Enter a percentage in the
    In-State Muni ($ or %)
     field to indicate the portion of the amount entered in the
    Tax Exempt Amount
     field, if any, that is nontaxable to the integrated state.
  • note
    Minnesota Note:
     If less than 95 percent of the federal tax-exempt interest dividend from a mutual fund came from bonds issued by Minnesota, all of the federal tax-exempt interest dividend from that fund is taxable to Minnesota. An In-State Muni % entry of less than 95 percent when using a Minnesota postal code is automatically disregarded.
  • In-State Source %:
     This field is applicable only to part-year resident and nonresident state returns.
    In-State Source %
     defaults to 100 percent for part-year state returns if the part-year resident state is entered in the
    State
     field. However,
    In-State Source %
     defaults to zero percent for all nonresident state returns and part-year state returns if the
    State
     field is blank or does not match the part-year resident state being processed.
  • State:
     Enter a state postal code, unless you are processing one resident state return or no state return. If the
    State
     field is blank for a single resident state return, the federal amounts to transfer to the state return. If this field is blank, the related amount will not transfer to any part-year resident and/or nonresident integrated state returns.
    When processing two or more state returns, make duplicate line entries for those interest items that require different information for each state. For example, each state may require a different US Ob ($ or %), In-State Muni ($ or %), or In-State Source %. Enter a postal code to direct each line entry to a particular state return. When you use duplicate line entries, remember to enter
    S
     in the
    F/S
     field for all but one of your duplicate entries, so that the federal application disregards the "state only" entries. The state applications disregard entries with
    F
     in the
    F/S
     field and entries with
    S
     in the
    F/S
     field that also have an out-of-state postal code.
    note
    When processing a nonresident state return with a resident return, the duplicate line entry is not always necessary. Depending on how the entry is sourced, do one of the following:
    • If the entry is sourced to the nonresident state, enter information for the nonresident
      State
      , the
      In-State Source %
       field, and if applicable, the
      US Ob ($ or %)
       and/or
      In-State Muni ($ or %)
       field. If the entry also has an In-State Muni % attributable to the resident state, a duplicate line entry is necessary; enter
      S
       in the
      F/S
       field and enter the resident state in the
      State
       field.
    • If the entry is sourced to the resident state, only a single entry is needed. Leave the
      F/S
       field blank. You may enter the resident state in the
      State
       field or leave it blank. If applicable, also enter data in the
      US Ob ($ or %)
       and/or
      In-State Muni %
       field for the resident state.
  • State Use:
     The codes available in this field are specific to the state postal code entered in the
    State
     field. If state use codes are not applicable to the entered state, this field will be disabled (shaded) in most instances (see the following note for a description of exceptions). Enter a code as applicable for processing the 1040 state return. The interest income state use codes and applicable states are listed in the table that follows.
    note
    In the following table, states marked with an asterisk (*) denote state use codes that are available when that state's return is attached to the open client, even when that particular state postal code is not entered in the corresponding
    State
     field.
    State Use code
    Applicable description
    States
    1
    Tax credit bond interest
    AL, GA, ID, KY, MD, MO, NE, NY
    2
    Subject to Income Tax
    TN
    3
    Municipals purchased after 1/1/03 and subject to tax
    UT*
    4
    Accounts Receivable - Intangibles
    KS
    5
    Notes Receivable - Intangibles
    KS
    6
    Bonds, Debentures & Certificates of Indebtedness
    KS
    7
    Municipals purchased after 12/31/11 and subject to tax
    IN
    8
    Bank, Credit Union, & Savings and Loans
    KS, MA, OK, PHL
    10
    Non-taxable
    HI, ME, NH, TN
    11
    Domestic international sales corporation
    OR
    13
    Export Development Act bonds
    of 1983
    IL
    15
    Housing Development Authority bonds and notes
    IL
    16
    Tri-County River Valley Development Authority Bonds
    IL
    17
    Dev Finance Authority (venture fund / infrastructure bond)
    IL
    18
    Quad Cities Regional Economic Dev bonds and notes
    IL
    19
    College Savings bonds
    IL
    20
    Sports Facilities Authority bonds
    IL
    21
    Higher Education Student Assistance Act bonds
    IL
    22
    Dev Finance Authority (sections 7.8 through 7.87)
    IL
    23
    Rural Bond Bank Act bonds and notes
    IL
    24
    Dev Finance Authority (Asbestos Abatement Act)
    IL
    25
    Quad Cities Interstate Metropolitan Authority bonds
    IL
    26
    Southwestern Illinois Development Authority bonds
    IL
    27
    Finance Authority bonds
    IL
    28
    Guam bonds
    IL
    29
    Puerto Rico bonds
    IL
    30
    Virgin Island bonds
    IL
    31
    American Samoa bonds
    IL
    32
    North Mariana Islands bonds
    IL
    33
    Mutual Mortgage Insurance bonds
    IL
    34
    Student Assistance Corporation bonds
    VT
    35
    Telecommunications Authority bonds
    VT
    36
    Power Agency bonds
    IL
    37
    Central Illinois EDA bonds
    IL
    38
    Eastern Illinois EDA bonds
    IL
    39
    Southeastern Illinois EDA bonds
    IL
    40
    Southern Illinois EDA bonds
    IL
    41
    Urban Development Authority bonds
    IL
    42
    Downstate Sports Facilities bonds
    IL
    43
    Western Illinois EDA bonds
    IL
    44
    Upper River Valley Development bonds
    IL
    45
    Will-Kankakee Regional Development Authority bonds
    IL
    46
    Public Power Supply Authority Bonds
    VT
    note
    • UltraTax CS 1040 Alabama, Georgia, Kansas, Kentucky, Missouri, Nebraska, New York users only:
       Enter code
      1
       to identify state sourced tax credit bond interest included in federal AGI that is not taxable on the specified state return. Examples of applicable interest reported on the federal return and included in adjusted gross income include interest from Build America Bonds or Recovery Zone Bonds.
    • UltraTax CS 1040 Indiana users only:
       The Indiana tax return does not use the
      In-State Muni ($ or %)
       and
      In-State Source %
       fields in this statement. If a federally tax exempt item is taxable on the Indiana return, enter code
      7
       in the
      State use
       field.
    • UltraTax CS 1040 Pennsylvania users only:
       State use code
      8
       is applicable for Philadelphia returns.
    • UltraTax CS 1040 Utah users only:
       The Utah tax return does not use the
      In-State Muni ($ or %)
       and
      In-State %
       fields in this statement. If a federally tax exempt item is taxable on the Utah return, enter code
      3
       in the
      State use
       field.
  • Do Not Proforma:
     Enter
    X
     in this field to delete the item on next year's proforma.
Part-Year Resident Returns:
Enter a percentage and a postal code if a portion of the interest item is in-state source income. For example, enter
50.000
 if the item is 50-percent in-state source income for the state indicated in the
State
 field. Enter
0.000
 if none of the interest income amount is in-state source income for that state.
Nonresident Returns:
Enter
100.000
 and a postal code if the interest item is all in-state source income for the nonresident state that corresponds to the entry in the
State
 field. Leave this field blank if none of the interest income amount is in-state source income for the state indicated in the
State
 field.
Dividends
If client does not have any special types of dividend income, enter the dividend amount in the input screen and not in the attached statement. Otherwise, use the attached statement to classify the dividend income using the same codes and fields as found in the
Dividend Income
 statement in the B&D screen. The information that follows describes how information entered in the attached statement affects the calculation of the client's federal and state tax returns.
  • F/S:
     Use this field only if you are preparing multiple-state tax returns. For multiple-state returns, make duplicate line entries of a dividend item for each state as necessary, with a different postal code for each entry. In the
    F/S
     field, enter
    S
     for all but one of the duplicate line entries. The federal application disregards entries coded
    S
    .
  • State processing:
     Enter a percentage in the
    US Ob ($ or %)
     field to indicate the portion, if any, that is attributable to U.S. government obligations (nontaxable to the state).
Municipal and Other Tax-Exempt Dividends:
Enter the total tax-exempt dividends (including dividend income attributable to private activity bonds issued after 8/7/86) in the
Tax Exempt Amount
 field in the statement. Items in this field transfer to the Tax-exempt interest line on Form 1040, Page 1. If a portion of the tax-exempt income is attributable to private activity bonds issued after 8/7/86, you must also enter that portion in the
AMT Exempt Div (PAB)
 field in the statement. Amounts in this field are used for Form 6251, Alternative Minimum Tax, calculations.
  • State processing:
     Enter a percentage in the
    In-State Muni ($ or %)
     field to indicate the portion of the amount entered in the
    Tax Exempt Amount
     field, if any, that is nontaxable to the state.
  • Payer:
     Enter the payer name. A custom fieldview is available in this field.
  • Ordinary Dividend:
     Enter ordinary dividend amounts from Schedule K-1. Do not enter tax-exempt dividends in this field.
  • Qualified Dividend:
     Enter qualified dividend amounts from Schedule K-1. Do not enter tax-exempt dividends in this field.
  • Tax Exempt Amount:
     Enter total tax-exempt dividend amounts (including dividend income attributable to private activity bonds issued after 8/7/86). Do not enter tax-exempt interest in the
    Ordinary Dividend
     or
    Qualified Dividend
     fields.
  • AMT Exempt Div (PAB):
     Enter dividend income attributable to private activity bonds issued after 8/7/86. Form 6251 calculations uses the amounts in this field. You must also enter the amount in the
    Tax Exempt Amount
     field for Schedule B purposes.
  • US Ob ($ or %):
     For state processing, enter a percentage if any portion of the dividend income is attributable to U.S. government obligations (nontaxable to the state). For example, enter
    12.5000
     in this field if the item is 12.50 percent attributable to U.S. government obligations; enter
    25
     in this field if $25 of interest is U.S. government interest. Note that the
    US Ob ($ or %)
     field is applicable only for dividend items entered in the
    Ordinary Dividend
     field. UltraTax CS disregards a US Ob ($ or %) entry for items entered in the
    Tax Exempt Amount
     and
    AMT Exempt Div (PAB)
     fields.
  • In-State Muni ($ or %):
     For state processing, enter a percentage to indicate the portion of the municipal or other tax-exempt dividend income (items entered in the
    Tax Exempt Amount
     field) that is nontaxable to the integrated state. For example, enter
    8.000
     in this field if the item is 8.0 percent attributable to municipal obligations of the integrated state; enter
    50
     in this field if $50 of the tax exempt interest is attributable to municipal obligations of the integrated state. Note that the
    In-State Muni ($ or %)
     field is applicable only for dividend items entered in the
    Tax Exempt Amount
     field. UltraTax CS disregards an In-State Muni ($ or %) entry for items entered in the
    Ordinary Dividend
     and
    AMT Exempt Div (PAB)
     fields.
  • In-State Source %:
     This field is applicable to only part-year resident and nonresident state returns. the
    In-State Source %
     field defaults to 100 percent for part-year state returns if the part-year resident state is entered in the
    State
     field. However, the
    In-State Source %
     field defaults to zero percent for all nonresident state returns and part-year resident state returns if the
    State
     field is blank or does not match the part-year resident state being processed.
  • State:
     Enter a state postal code unless you are processing one resident state return or no state return. For a single resident state return, a blank
    State
     field will allow the federal amounts to transfer to the state return. If this field is blank, the related amount will not transfer to any part-year resident and/or nonresident integrated state returns.
    When processing two or more state returns, make duplicate line entries for those dividend items that require different information for each state. For example, each state may require a different In-State Muni ($ or %) or In-State Source %. Enter a postal code to direct each line entry to a particular state return. When you use duplicate line entries, remember to enter
    S
     in the
    F/S
     field for all but one of your duplicate entries, so that the federal application disregards the "state only" entries. The state applications disregard entries with
    F
     in the
    F/S
     field and entries with
    S
     in the
    F/S
     field that also have an out-of-state postal code.
    note
    When processing a nonresident state return with a resident return, the duplicate line entry is not always necessary. Depending on how the entry is sourced, do one of the following:
    • If the entry is sourced to the nonresident state, enter information for the nonresident
      State
      , the
      In-State Source %
      , and if applicable, the
      US Ob ($ or %)
       and/or
      In-State Muni ($ or %)
       fields. If the entry also has an In-State Muni ($ or %) attributable to the resident state, a duplicate line entry is necessary; enter
      S
       in the
      F/S
       field and enter the resident state in the
      State
       field.
    • If the entry is sourced to the resident state, only a single entry is needed. Leave the
      F/S
       field blank. You may enter the resident state in the
      State
       field or leave it blank. If applicable, also enter the
      US Ob ($ or %)
       and/or
      In-State Muni %
       for the resident state.
  • State Use:
     The codes available in this field are specific to the state postal code entered in the
    State
     field. If state use codes are not applicable to the entered state, this field will be disabled (shaded) in most instances (see the following note for a description of exceptions). Enter a code as applicable for processing the 1040 state return. The dividend income state use codes and applicable states are listed in the table that follows.
    note
    States marked with an asterisk (*) denote state use codes that are available when that state's return is attached to the open client, even when that particular state postal code is not entered in the corresponding
    State
     field.
    State Use code
    Applicable description
    States
    1
    Subject to Intangibles
    KS
    2
    Subject to Income Tax
    TN
    3
    Municipals purchased after 1/1/03 and subject to tax
    UT*
    5
    Regulated Investment Co. Dividends - U.S. Obligations
    NE
    8
    Banks, Credit Unions, & Savings and Loans
    MA, OK
    10
    Nontaxable
    ME, NH, PHL, TN
    13
    Export Development Act bonds
    of 1983
    IL
    15
    Housing Development Authority bonds and notes
    IL
    16
    Tri-County River Valley Development Authority Bonds
    IL
    17
    Dev Finance Authority (venture fund / infrastructure bond)
    IL
    18
    Quad Cities Regional Economic Dev bonds and notes
    IL
    19
    College Savings bonds
    IL
    20
    Sports Facilities Authority bonds
    IL
    21
    Higher Education Student Assistance Act bonds
    IL
    22
    Dev Finance Authority (sections 7.8 through 7.87)
    IL
    23
    Rural Bond Bank Act bonds and notes
    IL
    24
    Dev Finance Authority (Asbestos Abatement Act)
    IL
    25
    Quad Cities Interstate Metropolitan Authority bonds
    IL
    26
    Southwestern Illinois Development Authority bonds
    IL
    27
    Finance Authority bonds
    IL
    28
    Guam bonds
    IL
    29
    Puerto Rico bonds
    IL
    30
    Virgin Island bonds
    IL
    31
    American Samoa bonds
    IL
    32
    North Mariana Islands bonds
    IL
    33
    Mutual Mortgage Insurance bonds
    IL
    34
    Student Assistance Corporation bonds
    VT
    35
    Telecommunications Authority bonds
    VT
    36
    Power Agency bonds
    IL
    37
    Central Illinois EDA bonds
    IL
    38
    Eastern Illinois EDA bonds
    IL
    39
    Southeastern Illinois EDA bonds
    IL
    40
    Southern Illinois EDA bonds
    IL
    41
    Urban Development Authority bonds
    IL
    42
    Downstate Sports Facilities bonds
    IL
    43
    Western Illinois EDA bonds
    IL
    44
    Upper River Valley Development bonds
    IL
    45
    Will-Kankakee Regional Development Authority bonds
    IL
    46
    Public Power Supply Authority Bonds
    VT
    note
    • UltraTax CS 1040 Pennsylvania users only:
       State use code
      10
       is applicable for Philadelphia returns.
    • UltraTax CS 1040 Utah users only:
       The Utah tax return does not use the
      In-State Muni ($ or %)
       and
      In-State Source %
       fields in this statement. If a federally tax exempt item is taxable on the Utah return, enter code
      3
       in the
      State use
       field.
  • Do Not Proforma:
     Enter
    X
     in this field to delete the item on next year's proforma.
Part-Year Resident Returns:
Enter a percentage and a postal code if a portion of the dividend item is in-state source income. For example, enter
50.000
 in this field if the item is 50 percent in-state source income for the state as indicated in the
State
 field. Enter
0.000
 in this field if none of the dividend income is in-state source income for that state.
Nonresident Returns:
Enter
100.000
 and a postal code if the dividend item is all in-state source income for the nonresident state that corresponds to the
State
 field entry. Leave this field blank if none of the dividend income is in-state source income for the state indicated in the
State
 field.
Net short-term capital gain
Enter the short-term portfolio capital gains as reported on Schedule K-1 (Form 1041). If the activity has a passive capital gain, enter the information in the statement attached to the
Schedule for detail
 field in the B&D screen instead of in the K1T screen. Passive capital gains in the statement in the B&D screen and coded
B
 (business) are linked to the K1T activity by completing the
Form
 and
Unit
 fields in the statement. Do not enter the same gains or losses in both the B&D and K1T screens. Gains and losses entered in the statement in the B&D screen that are not coded
B
 (business) will be treated as portfolio, not passive.
Net long-term capital gain
Enter the long-term portfolio capital gains as reported on Schedule K-1 (Form 1041). They are subject to at-risk limitations, if applicable. If the activity has a passive capital gain, enter the information in the statement attached to the
Schedule for detail
 field in the Schedule D / Form 8949 Sales of Capital Assets section of the B&D screen instead of in the K1T screen.
Passive capital gains entered in the statement in the B&D screen and coded
B
 (business) in the
Type
 field are linked to the K1T activity by completing the
Form
 and
Unit
 fields in the statement. Do not enter the same gains or losses in both places. Gains and losses entered in the statement in the B&D screen that are not coded
B
 (business) in the
Type
 field will be treated as portfolio, not passive.
Capital gain from passive activities
Enter the amount of the total net long-term capital gain that is from passive activities. The passive calculation uses the amount in this field. If the activity has a passive net short-term gain or net 28-percent capital gain, enter the information in the B&D screen.
Other portfolio and nonbusiness income
Amounts in these fields transfer to Schedule E, line 33, column (f) Nonpassive - Other income from Schedule K-1.
Ordinary business income
Enter the ordinary income or loss from the activity. This information is used to determine the income or loss to report on Schedule E, Page 2. The passive activity code entered in the K1T-3 screen determines whether the amount is reported as passive or nonpassive on Schedule E.
Net rental real estate income
Enter the net income or loss from the rental of real estate activities. This information is used to determine the income or loss to be reported on Schedule E, Page 2. The passive activity code entered in the K1T-3 screen determines whether the amount is reported as passive or nonpassive on Schedule E.
Other rental income
Enter the net income or loss from other rentals. This information is used to determine the income or loss to be reported on Schedule E, Page 2. The passive activity code in the K1T-3 screen determines whether the amount is reported as passive or nonpassive on Schedule E.
Depreciation / Depletion / Amortization
Enter the amount as reported on the Schedule K-1 (Form 1041). This information is used to determine the income or loss to be reported on Schedule E, Page 2. The passive activity code in the K1T-3 screen determines whether the amount is treated as passive or nonpassive.
Charitable code/contributions
Enter the amount of charitable contributions reported by the trust. The contribution defaults to the type limited to 60 percent of adjusted gross income and the amount entered is subject to limitation on Schedule A. If the type of contribution is subject to a different limitation or is noncash, enter the applicable code.
note
  • If more than one contribution type comprises the amount of charitable contributions passed through from the grantor trust, use the A, 8283P1, or 8283P2 screen to enter the additional contribution information.
  • Form 8283 is required if the sum of noncash charitable contributions reported elsewhere in the return plus noncash contributions passed through from the grantor trust exceeds $500. Enter noncash contributions passed through from the grantor trust here and also in the 8283P1 or 8283P2 screen, when all noncash amounts exceed $500. Use the screen 8283 Original entity reporting noncash contributions
    Name
     and
    Identifying number
     fields for amounts from the grantor trust.
Section 1202 gain subject to 50% / 60% / 75% / 100% exclusion
Enter the amount of long-term capital gain that is eligible for section 1202 exclusion. The percentage allowed is calculated as an exclusion and is entered as a reduction on Schedule D for the section 1202 exclusion. The amount after exclusion is also included in the 28% Rate Capital Gain Tax Worksheet, on Form 4952, and as nonbusiness capital gain in the NOL Worksheet.
note
The section 1202 gains entered in these fields is not included in the amount entered in the
Net long-term capital gain
 field, located in the Income and Directly Allocable Deductions section of this screen. Section 1202 gains should be entered only in the
Section 1202 gain subject to 50% / 60% / 75% / 100% exclusion
 fields. Section 1202 gains included in the
Net long-term capital gain
 field will result in overstated income.

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