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Screen HIK1T - Hawaii Schedule K-1, 1041 - Gen Info, Current Inc, Grantor (1040)

Overview

Use this screen to calculate the Hawaii return. Amounts that appear in the
HIK1T
 screen are automatically transferred from the federal
K1T
 screen or the Multistate Allocation Spreadsheet. The data transferred depends on the residency status of the return and the method of federal data entry.
For resident returns, Hawaii
State, if different
 amounts are transferred to the
Total Sources
 fields if present. If there are no Hawaii
State, if different
 amounts entered, the federal amounts transfer.
Hawaii Sources
 fields aren't relevant to a resident return.
For part-year and nonresident returns when K1 data is entered without using the Multistate Allocation Spreadsheet, Hawaii
State, if different
 amounts transfer to the
Hawaii Sources
 fields if present. Blank
State, if different
 fields default to transferring the federal information to both columns.
For K1 data that has been entered using the Multistate Allocation Spreadsheet, Hawaii
State, if different
 amounts transfer to the
Hawaii Sources
 fields. Blank
State, if different
 amounts default to transferring the federal information. Federal amounts always transfer to the
Total Sources
 fields. Be sure to review the
Total Sources
 fields to report the amounts from Hawaii Schedule K-1, Total amounts, in the
Total Sources
 fields.

This article applies to:

  • PRODUCT: UltraTax CS
  • Return type: 1040 Individual
  • State: Hawaii

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