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Federal input screens

Screen K1T-2 - Schedule K-1 1041, Page 2 (1040)

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State allocation
If the following are true, select
Allocation
 to access the State allocation spreadsheet: Client has at least one state return; you are viewing Client Organizer or input screen data entry; and in the K1, K1-2, K1-3, K1-4, K1-5, K1-6, K1-7, K1T, and K1T-2 screens, the
Name of entity
 field has data.
Two methods (percentage or amount) of allocation can be used to allocate federal amounts to the applicable states displayed in the State allocation spreadsheet.
note
Amount fields applicable to one state may not be applicable to another state. Those amount fields that do not apply to a particular state have been disabled (shaded). Amount fields that are not shaded are considered enabled for the applicable 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 from the fieldview. Select the Apply button. The amounts attributable to that state automatically calculate and display in the spreadsheet. The percentage entered for that particular state will appear below the state name for easy reference. If enabled, individual item amounts can be changed (overwritten) on the spreadsheet from the amount calculated by UltraTax CS.
  • Amount:
     In cases where a percentage of the federal amounts do not apply, individual item amounts, if enabled, may be entered 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 left blank, the federal amount, if present, will be used in the state's calculation.
note
Percentage allocation is only available in the State allocation spreadsheet. State amounts, if different, must be entered in the
State, if different
 fields provided.
The State allocation spreadsheet may be printed 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.
State, if different
Enter state amounts if different from the federal amounts. For more information, access the input screen help for the appropriate state application. Also, refer to Processing multiple-state returns.
Adjustment for minimum tax
An amount in this field transfers to Form 6251. If the activity has a passive activity code, this amount reports on the Form 6251 passive line. To report the amount on the Form 6251 Estates and trusts line, the passive activity code must be
3
 for No limitation.
Trust paid fed / state estimated tax
Enter the federal and state estimated taxes paid by the trust. Federal amounts are included with other federal amounts on Form 1040, Page 2. For underpayment of estimated tax purposes, payments are considered to be made on 1/15/
2026
. State amounts are included on Schedule A, under the assumption they were paid on or before 12/31/
2025
.
Investment income adjustment
Use this field to adjust the investment income from this entity. UltraTax CS automatically treats interest and dividends as investment income. Enter positive amounts to increase and negative amounts to decrease the investment income for this entity.

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