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Screen AR1099R - Arkansas Pension and Annuity Information (1040)

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Overview

Use this screen to review information that was entered in the federal 1099 Screen. Information that appears in the AR1099R Screen is automatically transferred from federal the 1099R Screen. It is important to report any state-related law differences and details in the 1099R Screen.
State use
UltraTax CS uses the state use code in calculating the Arkansas taxable amount. The code transfers to this field from the federal 1099R Screen.
note
Do not enter
10
 in the
State use
 field if the value in the box
7 Distribution code
 field is
8
.
Taxable amount (Force)
Enter the taxable distribution if different from the UltraTax CS calculated amount.
Prior year McFadden claim / McFadden claimant taxable amount
Enter
X
 in the
Prior year McFadden claim
 field to indicate that a claim was made under McFadden v. Weiss in a previous year, resulting in a change to the basis (cost of contributions) of the client’s retirement plan and, after the McFadden Adjustment, different amounts for Arkansas and federal tax purposes. Enter the Arkansas taxable amount, if different from what was reported on Form 1099R, in the
McFadden claimant taxable amount
 field.
Taxable amount (Box 2a) / Txbl amt not determined (Box 2b)
Entries in these fields transfer from the federal 1099R Screen. Enter an amount in the
Taxable amount (Box 2a)
 field or mark the
Txbl amt not determined (Box2b)
 field to override the transferred information.
note
At least one of the two fields must contain data for UltraTax CS to calculate the taxable amount. If both fields are blank, UltraTax CS marks the
Txbl amt not determined (Box 2b)
 field.

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