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Federal input screens

Screen PBasis2 - Partner Basis Carryovers (1040)

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State allocation
To access the State allocation spreadsheet, verify that the following conditions are present in the current client then select
Allocation
 in this screen.
  • The client has at least one state return.
  • You're viewing
    Client Organizer
     data entry or input screen data entry.
  • For the
    PBasis1
    ,
    PBasis2
    ,
    SBasis1
    , and
    SBasis2
     screens, the
    Name of entity
     fields have data.
  • Only AL, AR, CA, HI, KY, MA, OR, NY and CT (part-year residents and nonresidents only), and WI use state allocation amounts from the
    PBasis1
    ,
    PBasis2
    ,
    SBasis1
    , and
    SBasis2
     screens. AMT-related
    State, if different
     fields apply to CA.
You can use two allocation methods (percentage or amount) to allocate federal amounts to the states in the State allocation spreadsheet.
note
Amount fields relevant to one state may not be relevant to another state. Those amount fields that don't apply to a particular state have been turned off (shaded). Amount fields that aren't shaded are considered enabled for the state.
  • 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
    Apply
    . The amounts attributable to that state calculate automatically and display in the spreadsheet. For easy reference, the percentage for that state follows the state's name. If turned on, you can change (replace) individual item amounts on the spreadsheet from the calculate amount. Carryover amounts aren't allocated by percent.
  • Amount:
     In cases where a percentage of the federal amounts don't apply, you can enter individual item amounts (if turned on) in the spreadsheet for the state. Zero (
    0
    ) is a valid entry and will prevent the state amount from defaulting to the federal calculated amount. If you leave an individual item amount field blank, the federal amount, if present, is used in the state's calculation.
note
  • Unlike income allocations, basis amounts apply to all residency statuses for AL, AR, CA, HI, KY, MA, MT, OR, and WI, and part-year resident and nonresident statuses for NY and CT.
  • Percentage allocation is only available in the State allocation spreadsheet. If state amounts are different, enter them in the
    State, if different
     fields provided.
You can print the State allocation spreadsheet in a report format for future reference. Select
Print
 or
Preview
 in the lower portion of the spreadsheet. If licensed, you can also print to FileCabinet CS.
Regular State, if different
Enter state amounts if different from the federal amounts.
note
  • The State allocation spreadsheet is available only when the client being processed includes at least one state return.
  • the
    State, if different
     fields for the
    PBasis1
    ,
    PBasis2
    ,
    SBasis1
    , and
    SBasis2
     screens are only relevant to the following states: Alabama, Arkansas, California, Hawaii, Kentucky, Massachusetts, New York (part-year residents and nonresidents), Oregon, and Wisconsin. Other state returns for the client display in the State allocation spreadsheet, but the amount fields aren't turned on for data entry. AMT-related
    State, if different
     fields apply to California.
For more information, access the input screen help for the state application.
AMT State, if different
Enter the California AMT amounts if different from the AMT federal amounts.
note
  • The State allocation spreadsheet is available only when the client has at least one state return.
  • the
    State, if different
     fields for the
    PBasis1
    ,
    PBasis2
    ,
    SBasis1
    , and
    SBasis2
     screens are only relevant to the following states: Alabama, Arkansas, California, Connecticut, Hawaii, Kentucky, Massachusetts, New York, Oregon, and Wisconsin. Other state returns for the client display in the State allocation spreadsheet, but the amount fields aren't turned on for data entry. AMT-related
    State, if different
     fields apply to California.
For more information, access the input screen help for the state application.

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